Sunday, 8th November 2009

 

17 October 2008 - Mike Foster

Jupiter hires four from Singer & Friedlander

Jupiter Asset Management has hired four private client managers from Kaupthing Singer & Friedlander to bolster its wealth management division.

The individuals are Robert Walker, Paula Forecast, Phil Gent and Oliver Pearson-Lund who will join Jupiter between November and next January.

Jupiter is best known as a manager of retail and institutional funds. But Jupiter has operated a private clients division since 1985, appointing Colin Chisholm to run the division ten years later. It currently uses the services of six fund managers, supported by an administration team, which look after a total of £800m, up two and a half times over the last five years.

Jupiter chief executive Edward Bonham Carter said: "We believe this division will continue to be an area of strong growth."

Kaupthing Singer & Friedlander is a UK-based bank which went into administration earlier this month after its parent company was rescued by the Icelandic government. Administrators Ernst & Young confirmed last week that it had axed 74 investment bankers, mainly working in deal origination.

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