Jupiter’s John Chatfeild-Roberts has stepped down from his chief investment officer role, to be replaced by the firm’s head of investments Stephen Pearson.
Mr Chatfeild-Roberts, who replaced Edward Bonham Carter as CIO in February 2010, will now focus on managing the firm’s £8bn Merlin portfolio range.
Mr Pearson, who joined Jupiter as a European equity manager in 2001, was appointed deputy chief investment officer in 2012, and a year later assumed his current role as head of investments.
Mr Chatfeild-Roberts said: “Jupiter has grown substantially and the assets managed by the Jupiter Merlin team have doubled since I became CIO in 2010. I have encouraged Stephen to take the lead on managing the investment team so it is a natural evolution for him to take on the role. As a result, I can devote my time to the job I enjoy the most: investing the Jupiter Merlin portfolios.”
Mr Pearson added: “We have grown our fund management resources significantly in recent years both internally and by recruiting external talent. I am excited about taking the team forward to ensure we deliver both attractive products and strong performance over the long term for our clients.”
