Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

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.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the FED

Winter market warmers, the post QE world and timing the FED

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Wealth Manager on Twitter