Swarbreck, who is based in Jupiter’s Hong Kong office, will be responsible for driving business growth in the region.

He joined last year from BlackRock and has also held senior business development and client relationship management roles with Mercury Asset Management and Merrill Lynch Investment Managers.

“Jupiter has been developing its client service platform in Asia-Pacific markets in recent years and Peter’s experience is of strategic importance to our long-term growth plans in the region,” said Maarten Slendebroek, distribution and strategy director at Jupiter.

In other recent news, assets under management at Jupiter Fund Management increased to £29.1 billion ($44.4 billion) in the three months to 31 March 2013, up from £26.2 billion at end-December 2012. Private client funds rose from £1.9 billion to £2.1 billion during this time.