The chairperson of Jupiter is to step down from the firm.
Nichola Pease informed the board she is leaving with immediate effect for personal reasons, the company said in a statement today (April 26).
Pease was appointed to the board in 2020, having spent seven years as a non-executive director at Schroders, and chief executive of JO Hambro Capital Management from 1998 until her appointment as deputy chairperson in 2008.
Her previous experience includes Kleinwort Benson, Rowe Price-Fleming, Citibank and Smith New Court.
Roger Yates, senior independent director at Jupiter said:" Nichola…led the company through the integration of Merian Global Investors, against a backdrop of the global pandemic, and the transition to a new chief executive last year.
“She has shown great dedication to Jupiter's business throughout her tenure, in what have been exceptional circumstances.
“The board wishes her all the very best for the future.”
Jupiter has struggled with outflows in the past few years, posting £900mn in net redemptions in the first quarter this year.
It has not seen net inflows to its products since 2017.
David Cruickshank, currently an independent non-executive director of the company and chairperson of the audit and risk committee, has been appointed as non-executive chairperson of the company and chairperson of the nomination committee, subject to regulatory approval.
Karl Sternberg will act as interim chairperson of the audit and risk committee, subject to regulatory approval, and Roger Yates will also join the audit and risk committee.
Jupiter has initiated a process to find a permanent chairperson of the audit and risk committee, as well as at least one new independent non-executive director.
sally.hickey@ft.com
