Edward Bonham Carter is to step down as CEO of Jupiter Fund Management after 14 years at the helm. He will continue to work with the firm as vice-chairman and will engage with key stakeholders.
Bonham Carter, brother of actress Helena, oversaw a private equity-backed management buyout in 2007 and a stock market listing in 2010 during his time as CEO.
Jupiter’s current distribution and strategy chief, Maarten Slendebroek, who joined the FTSE 250 firm from BlackRock, will take over as CEO.
Bonham Carter told the Financial Times, “The asset management industry has changed dramatically since I started out in 1982. However, Jupiter’s focus on employing talented fund managers and dedication to active fund management means we should be able to continue delivering outperformance for our clients over the medium-term.”
Jupiter Fund Management provides a number of options for ethical and sustainable investors. At the beginning of the year, financial advisers were asked which funds they used for ethical investment; Jupiter placed in the top four funds.
Jupiter’s sustainable funds include the Responsible Income fund, which has an objective to provide income and long-term capital growth through investment primarily in UK equities. The firm’s Climate Change Solutions fund, which has a global remit, seeks to invest in companies that are responding positively to the challenges of environmental sustainability and climate change.
Meanwhile Jupiter’s flagship Ecology fund’s investment policy was named the top performer in the multi-thematic (screened) category in Blue & Green Tomorrow’s Guide to Sustainable Funds in October. The fund’s investment policy is to invest worldwide in companies that demonstrate a positive commitment to the long-term protection of the environment.