The management buyout (MBO) of Jupiter Asset Management has received thumbs up from the industry advisers. The new deal will see the top managers at Jupiter being part of the senior management team.
Full executive responsibility will fall to Edward Bonham-Carter and Jonathan Carey will become group executive deputy chairman of Jupiter Investment Management Holdings.
Our view
We welcome the move as stability in management will mean the company will retain its good staff and encourage good relations with its investors.