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Bonham Carter to step down as Jupiter chief exec

Edward Bonham Carter is to step aside from his role as Jupiter group chief executive with Maarten Slendebroek taking over the position from March.

Bonham Carter will remain on the board as vice chairman, reporting to Slendebroek.

Slendebroek joined the Jupiter board in September 2012 as executive director responsible for distribution and strategy and was previously international retail head at Blackrock

Bonham Carter has run the firm since 2000, and led the business through its transition from boutique fund manager to a private-equity led management buyout in 2007 before listing on the stock market in 2010.

He says: “It has been a privilege to lead Jupiter during the past 14 years. The company is well positioned for growth and it is the right time for me to hand over the reins. I have enjoyed working with Maarten since his arrival and he has the skills and qualities to take the company through the next stage of its growth.”

FSC Investment Services managing director Frank Cochran says: “The fund management industry is seeing a lot of changes at the moment. Edward has done a great job at Jupiter but I do not think there will be a big impact on fund flows.”

Investment Quorum chief executive Lee Robertson says: “Bonham Carter has done a great job at Jupiter and I rate him very highly. I would not be surprised to see him leave and pop up somewhere else, as is often the way.”

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