Mr Formica said: “This is an exciting acquisition that enhances our position as a leading UK asset manager, provides increased scale and diversification into attractive product areas, and creates stronger future growth prospects for the business. It is also consistent with our strategic priorities, adding strong investment talent with a similar culture and investment philosophy.
“The addition of Merian is compelling for all stakeholders. With this acquisition, our business will benefit from an increased capacity to attract, develop and retain high quality talent, backed by further investment in our platform and technology. In turn, we will be able to offer a wider choice of strongly.”
The statement announcing the acquisition also expressed the view that this deal would make Jupiter less reliant on a small number of funds for its revenue.
What do you think about the issues raised by this story? Email us on email@example.com to let us know.