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 French fund CEOs: 'Brexit is a lose-lose situation for all of us'

French fund CEOs: 'Brexit is a lose-lose situation for all of us'

'We'll all lose out - but London is an international city, Paris is not.' Leading French asset management CEOs tell us what they think Brexit will mean for the investment business.

Play Mark Barnett - part 2: why I'm not buying Lloyds

Mark Barnett - part 2: why I'm not buying Lloyds

In the second part of our exclusive video interview, Barnett explains why he has no intention of buying Lloyds, and where he sees the greatest income opportunities.

Play Wealth managers reveal the best investment ideas of the year

Wealth managers reveal the best investment ideas of the year

From robotics to impact investing, wealth managers share the best ideas they have heard this year.

Read More
Wealth Manager on Twitter