Edward Bonham Carter steps down as Jupiter chief exec

Jupiter chief executive Edward Bonham Carter is stepping down from the role he has held for 14 years, with distribution and strategy director Maarten Slendebroek taking over.

Mr Bonham Carter will become vice chairman of Jupiter Fund Management from March 17 2014, reporting to Mr Slendebroek, who joined in March 2012 from BlackRock.

Jupiter chairman Jamie Dundas said Mr Slendebroek’s appointment was “a natural evolution” of the group’s management. He added that Mr Bonham Carter would focus on “engaging with key stakeholders” in his new role.

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Mr Slendebroek said: “Jupiter is a great business with a strong brand and culture, and a record of investment outperformance. We have been gaining traction with a broader range of clients in the UK and internationally in recent years and I am delighted to have the opportunity to build this growth strategy out further, working with my colleagues in order to deliver value for our clients and shareholders.”

Mr Bonham Carter added: “The company is well positioned for growth and it is the right time for me to hand over the reins. I have enjoyed working with Maarten since his arrival and he has the skills and qualities to take the company through the next stage of its growth.”