Change in Fund Manager

RNS Number : 3029M

Jupiter Green Investment Trust Plc

20 January 2021

 

Jupiter Green Investment Trust PLC (the 'Company')

Legal Entity Identifier: 549300MFRCR13CT1L845

Change in Fund Manager

The Board of Jupiter Green Investment Trust PLC has been advised by the Investment Adviser, Jupiter Asset Management Limited, that Charlie Thomas, the fund manager of the Company since 2006, will be leaving Jupiter to take on a new role.

The Board would like to extend its thanks to Charlie for his commitment to the Company and its shareholders over the past 14 years, and wishes him the very best.

Further to this news, the Board is pleased to announce that Jupiter fund manager Jon Wallace has been appointed to assume lead fund management responsibility for the Company.

Jon Wallace has worked closely with Charlie on the Trust since 2014, having joined Jupiter's Environmental Solutions team in 2009. He has an in-depth knowledge of the portfolio, and a strong expertise in seeking out the key innovators in the green technology space. Prior to Charlie's departure he will collaborate closely with Charlie to ensure a smooth transition of fund management responsibilities, while maintaining consistency of philosophy and approach for shareholders.

Viewed by Jupiter as Charlie's natural successor, Jon will also be taking on the management of the company's environmental solutions equity portfolios following Charlie's departure. In this role, he will report into experienced fund manager Rhys Petheram, with whom he has worked for a number of years. Rhys will lead and evolve Jupiter's expertise in investing in companies intentionally focused on providing solutions to sustainability challenges across key environmental themes, continuing to report to Katharine Dryer, Jupiter's Deputy CIO.

The strategy will be supported by a team of specialist analysts as well as receiving ongoing input from Jupiter's dedicated sustainability and governance team.

Michael Naylor, the Chairman, and Jon Wallace, the fund manager, will be giving an investor update at 10am on 27th January. If you would like to participate in the presentation and Q&A afterwards then please register via this link.

Michael Naylor, Chairman of the Board, commented: "We wish Charlie well and we are pleased to appoint Jon Wallace as manager of the Jupiter Green Investment Trust. Jon is well known to the Board and we look forward to working closely with him to continue to deliver an exciting investment opportunity for our shareholders."

Andrew Formica, Chief Executive Officer of Jupiter, commented : 'I am delighted that Jon will be taking on the lead fund management responsibility for Jupiter Green Investment Trust. With a 30-year heritage of sustainable investing, Jupiter is committed to growing the assets under management of this trust and also of our investment trust business generally."

For further information please contact:

finnCap Limited

Corporate Finance:

William Marle / Giles Rolls  020 7220 0500

Sales:

Mark Whitfeld / Pauline Tribe  020 7220 0500

20 January 2021

 

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