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Jupiter severs final ties with TA Associates as Wilson departs board
by James Phillipps on May 21, 2014 at 10:03
Michael Wilson is stepping down from Jupiter’s board where he had served as a non-executive director since 2007.
Wilson became a non-exec following the asset manager’s management buyout from Commerzbank, which was backed by TA Associates, where he was a managing director.
Following the deal, TA Associates had three representatives on Jupiter’s board, but the US firm sold its remaining 10.6% stake in March, and Wilson’s departure severs the last remaining ties between the two companies.
Jupiter, led by chief executive Maarten Slendebroek (pictured), announced that assets under management rose by £547 million, or 1.7%, to £32.2 billion in the first quarter.
Wilson will step down on 21 May, Jupiter told the stock market.
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