People Moves
UK's Jupiter Adds To Senior Management Team
London-based asset manager Jupiter has appointed Jason McAleer as head of dealing, replacing Jane Philips who left the firm after 12 years in September.
London-based asset manager Jupiter has appointed Jason
McAleer as head of dealing, replacing Jane Philips who left the
firm after 12 years in September.
McAleer joins after 14 years at Newton Investment Management,
where he spent the past nine as head of dealing. Before this, he
worked as a dealer at Sarasin Investment Management and Chase
Asset Management. He will be responsible for managing Jupiter’s
team of eight dealers and developing the team’s capabilities.
According to media reports, Jupiter is looking to sell its
private client business after receiving an unsolicited bid for
the division.
Jupiter Fund Management saw its assets under management increase
6 per cent to £31.7 billion ($51.9 billion) in the three months
to 31 December 2013, up from £29.9 million at the end of the
third quarter 2013.
Overall net inflows for the quarter were £510 million, taking
cumulative net inflows for the full year to £1.2 billion, while
the private client division saw an outflow of £10 million for the
final quarter.
