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Who's Moving Where In Wealth Management? Brown Shipley, Druces, Others

Editorial Staff

18 October 2019

Brown Shipley
has appointed Magnus Spence as head of investment trusts. Spence, who joined Jupiter in 2016 as head of alternatives, is taking over responsibility for Jupiter’s investment trust business from Richard Pavry, who is leaving the firm in November.

Spence has nearly 20 years’ experience in the alternatives asset management industry. Earlier this year he was instrumental in the re-positioning of the Jupiter Monthly Alternative Income Fund, a fund of investment trusts investing across a range of alternative assets. Before joining Jupiter he worked as head of product at Fidante Partners (formerly Dexion Capital plc, a firm specialising in alternative investment trusts) having previously been chief executive and managing partner of Dalton Strategic Partnership, a specialist equity firm. In his new, expanded role, Spence will continue to be responsible for the firm’s alternatives business.