Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Jupiter's final TA link closes as Slendebroek takes charge

Jupiter's final TA link closes as Slendebroek takes charge

Jupiter Fund Management's final link with TA Associates will end in a two months as Maarten Slendebroek takes over the reigns at the fund firm.  

Michael Wilson will step down from Jupiter's board on 21 May. His resignation follows news that TA Associates had put its remaining 10.6% stake in the firm on sale on 5 March.

As it no longer has an interest in Jupiter, TA is not entitled to nominate one non-executive director to the company's board. This arrangement was set up in the relationship agreement the pair entered on 2 June 2010.

The news comes Slendebroek officially takes over as chief executive of the company, replacing Edward Bonham Carter (pictured), who remains on the board in a new vice chairman role.

'The board has greatly appreciated the insight and support Mike has provided over the past seven years. We would like to thank him for his commitment and wish him success for the future,' Jupiter chairman Jamie Dundas told the stockmarket.

Wilson added: 'It has been a pleasure to have played a part in Jupiter's many achievements and the Company, under Maarten Slendebroek's leadership, is well-placed for the future. I will follow the team's progress with great interest.'

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 Video special: what Scottish DFMs think of SNP election flop

Video special: what Scottish DFMs think of SNP election flop

As delegates gathered for Citywire Scotland, we asked them their take on the election.

Play Keith Skeoch: 'passive has a part to play'

Keith Skeoch: 'passive has a part to play'

In the third part our series, Skeoch outlines his vision for Standard Aberdeen.

2 Comments Play Keith Skeoch: why I believe markets will make 'substantial returns'

Keith Skeoch: why I believe markets will make 'substantial returns'

In an exclusive interview, Standard Life CEO Keith Skeoch tells us why he takes an optimistic view on markets just about everywhere.

Read More
Your Business: Cover Star Club

Profile: Rathbones' fund boss on spotting emerging talent

1 Comment Profile: Rathbones' fund boss on spotting emerging talent

A great fund manager is really easy to spot, says Mike Webb, chief executive of Rathbones Unit Trust Management

Wealth Manager on Twitter