This comes after the firm's head of UK retail decided to leave the firm.

Jupiter Asset Management is restructuring its UK sales operation, by merging its wealth and retail teams. This comes after James Crossley, who headed the UK retail team, decided to leave the firm.

The newly-merged operation will be led by the current head of wealth, John Tevenan, according to the firm’s global head of distribution Nick Ring.

Tevenan has worked at Jupiter AM for eight years. Crossley was responsible for UK retail distribution and managed the retail sales team, including regional sales.

“We have today announced a restructure of our UK sales operation, bringing our wealth and retail teams together under the leadership of John Tevenan,” said Ring. “John, who has worked at Jupiter for eight years, has a deep understanding of the wealth management market in the UK and this new structure will ensure we are best able to meet the needs of our clients given the increasingly blurred boundaries between wealth managers and retail distributors. Unfortunately James Crossley, who headed the UK retail team, has decided to leave the company and seek a fresh career challenge. We are very grateful for the contribution he has made and wish him well for the future.”

The firm has discussed merging its UK sales operation for a long time, and feels that its clients would be best served by a single leadership structure, Jupiter said.

In December, this publication reported that Jupiter AM had appointed James Moir as an equities analyst on its UK Growth Strategy fund range.