Directorate Change

RNS Number : 0112F

Jupiter Fund Management PLC

22 July 2016

 

Jupiter Fund Management plc

22 July 2016

Jupiter Fund Management plc announces Board change

Jupiter Fund Management plc ("Jupiter", the "Company") announces the appointment of Karl Sternberg as an independent Non-Executive Director with immediate effect.  Karl will be appointed as a member of the Audit and Risk Committee.

Karl brings some 30 years' experience in the investment industry to Jupiter, gained through both executive and non-executive roles. He was a founding partner of institutional asset manager Oxford Investment Partners, which was bought by Towers Watson in 2013, and prior to that, held a number of positions at Morgan Grenfell/Deutsche Asset Management between 1992 and 2004 including Chief Investment Officer for London, Australia, Europe and the Asia Pacific.

Since 2006 he has developed his non-executive career, with a focus on investment management and the investment trust sector in particular. He is currently Chairman of JP Morgan Income & Growth Investment Trust plc, Senior Independent Director of Alliance Trust plc, a Non-Executive Director of Herald Investment Trust plc, The Monks Investment Trust plc, Clipstone Logistics Reit plc and Lowland Investment Company plc. From 2010 to 2015 he was a Non-Executive Director of Friends Life Group plc where he was a member of the Audit Committee and chairman of the Investment Oversight Committee.

Liz Airey, Chairman of Jupiter Fund Management plc, said: "Karl has developed a wealth of experience in the asset management industry over his career, both at an executive and non-executive level, which dovetails well with the existing expertise on Jupiter's Board. We are delighted to welcome him to Jupiter."

Karl Sternberg said "Jupiter is a high quality asset manager with a strong culture, brand and focus on investment outperformance. It has great potential for future growth and I am very much looking forward to working with the Board as the Company extends its reach further in the coming years."      

In relation to the appointment there are no details required to be disclosed under paragraphs 2-6 of 9.6.13 of the Listing Rules.

-     Ends -

For further information please contact:

                                                   Investors                                        Media

Jupiter                                        Sally Hopwood                                 Alicia Wyllie

                                                  [phone]                        [phone]

FTI Consulting                           Tom Blackwell                                  Andrew Walton

                                                   [phone]                       [phone]

 

END

 

 

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