InvestmentsNov 30 2015

Jupiter’s CFO steps down amid committee shake up

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Jupiter’s CFO steps down amid committee shake up

Jupiter chief financial officer Philip Johnson is to leave the firm in 2016 as the fund house shakes up its executive committee.

The firm’s board made three promotions to the executive committee from its human resource, fund operations and investment operations divisions.

Jupiter said as a result of these changes, Mr Johnson’s role as CFO has narrowed, and he agreed with the board to leave the firm in May 2016.

He will help Jupiter seek out a replacement CFO in the interim. Mr Johnson joined Jupiter in 2009, prior to the company’s 2010 listing in London.

Gillian van Maaren, Paula Moore and Lance DeLuca will now join the executive committee representing human resources, fund operations and investment operations respectively.

Chief executive Maarten Slendebroek said the firm needed representations from these functions on its executive committee in order to ensure Jupiter continued to develop.

“The board and I are hugely grateful to [Mr Johnson] for his contribution since joining Jupiter in 2009. He has played an instrumental role before, during and after our IPO in supporting Jupiter’s success,” he added.

These changes come after Jupiter announced in September that chief investment officer John Chatfeild-Roberts was to step down and be replaced by deputy Stephen Pearson.

The company also appointed Nick Ring as global head of distribution from Columbia Threadneedle, who also joined the executive committee.