Jupiter recruits Johnson for CFO role

Jupiter has appointed Philip Johnson to the newly created role of chief financial officer.

Jupiter's chief executive, Edward Bonham Carter (pictured), said the hire, which comes with a place on the board, reflected the company's continuing expansion out from its core UK retail business.

The firm has experienced strong growth over recent months across its UK retail, institutional, international and private client divisions. In the year to 30 July, Jupiter achieved gross sales of more than £2.4 billion.

Bonham Carter said: 'Jupiter's operations have expanded significantly in recent years. While the UK retail market remains core, we have extended our reach into the international, institutional and private client markets, and feel that this growth warrants the creation of a board-level finance position.'

He added: 'Philip has developed considerable expertise in the fund management sector during his career and we are delighted he has chosen to join us.'

Johnson has 16 years' experience in finance.

He will join Jupiter in October from hedge fund firm Marshall Wace LLP, where he was finance director.

Prior to that he spent nine years at M&G, with the last five as the firm's group finance director.