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Jupiter severs final ties with TA Associates as Wilson departs board

Jupiter severs final ties with TA Associates as Wilson departs board

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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