View more on these topics

Jupiter CFO to step down

Boardroom-Business-Finance-Corporate-Meeting-Hire-700x450.jpg

Philip Johnson is stepping down from his role as chief financial officer at Jupiter Asset Management.

The move was due to “a narrowing of the role” amid “broader changes” to Jupiter’s executive committee, the firm said today.

Johnson will remain in his post until May 2016 to help with the transition of his successor.

Shares in Jupiter were down 0.5 per cent at 470p on Monday, according to the London Stock Exchange.

The chief financial officer, who was at Jupiter when the asset manager floated on the London Stock Exchange in June 2010, said it was a “privilege to play a role in the company’s transition from a private firm to a FTSE 250 constituent”.

He said: “I am looking forward to my next challenge, but can look back with pride on what has been achieved at Jupiter. The business is in an excellent position and I wish it every success going forward.”

Johnson worked at Prudential’s group head office before transferring to M&G in 2000 where he spent eight years, with the last five as group finance director.

He then joined asset manager Marshall Wace as finance director in 2008 before starting with Jupiter in 2009.

Jupiter has seen a number of senior people moves this year, including former chief investment officer John-Chatfeild Roberts stepping down from his role as well as various promotions to the executive committee.

Chief executive Maarten Slendebroek said: “This structure will ensure the business continues to be best positioned for its future development.”

Recommended

John Chatfeild-Roberts: Reading the smoke signals from central banks

The global divergence in interest rate policies has been a continuing theme throughout the year. We have seen it all: anticipation of a rise in the US and UK, more stability in the eurozone and Japan as both peruse significant quantitative easing programmes, and falling rates elsewhere, including China. There has also been a decline […]

Wall-Street-Sign-Flag-700.jpg
1

Wells Fargo eyes takeover of Jupiter and Henderson

US bank Wells Fargo is considering a number of takeovers of UK fund groups in a bid to boost its presence in investment banking and wealth management. Among its targets are thought to be Henderson and Jupiter, the Sunday Times reports. Henderson is worth £3.2bn, while Jupiter is worth £2.1bn. Wells Fargo is the fourth […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment