Edward Bonham Carter (pictured) has announced he is to leave Jupiter Fund Management after 28 years, marking the latest in a string of senior departures from the firm.
Since joining the FTSE 250 fund group in 1994, he has held a variety of senior roles. Bonham Carter became group chief executive in 2007 and led the company through a management buyout that same year, followed by an IPO in 2010. He stepped down from the group CEO role in 2014, at which time he was named vice chairman, a position her held until last year when he was appointed director of stewardship and corporate responsibility.
Bonham Carter will leave the firm at the end of the year to focus on external non-executive positions, which include senior independent director of Land Securities Group and ITV. He also holds positions at Netwealth Investments, The Investor Forum, Esmeé Fairbairn Foundation, and Livingbridge.
The asset manager has witnessed considerable change in its upper ranks of late, with former CEO Andrew Formica announcing in June his intention to retire after three years with the company. He stepped down on 1 October and was replaced by CIO Matthew Beesley, who made no secret of his plans to restructure the business and split the CIO role. It was revealed at the end of September that Talib Sheikh, head of multi-asset strategies, and Joseph Chapman, investment manager, multi-asset, are set to leave the firm at the end of this year.
Beesley said: “I have had the pleasure of working with Edward during my time as CIO, and more recently CEO of Jupiter. The contribution he has made to the company over almost three decades is clear, not least in his most recent role in which he has helped us to evolve our approach towards stewardship, adding valuable leadership and perspective. He leaves with our very best wishes.”
Before joining Jupiter, Bonham Carter started his career as an administrative assistant at Schroders in 1982. He then moved to Electra Investment Trust in 1986.
Bonham Carter said: “After 28 years with Jupiter, and over 40 in the investment industry, now is the right time for me to step away from the business to focus on my other interests and appointments. I am proud of all that Jupiter has achieved during my time with the company, all the while maintaining what sets it apart – a dedication to active investment management, which I firmly believe still has a key role to play in the investment industry.”
Nichola Pease, Jupiter chair, said: “I would like to thank Edward for the immense contribution he has made to Jupiter over many years. As well as leading the company through important milestones, including its IPO over 10 years ago, Edward has been a long-standing champion of responsible investing and has played an important role in building on Jupiter’s heritage and expertise in this area. With his increasing commitments to external roles, now is a natural time for him to step back from Jupiter to allow him to focus on his non-executive career, and we wish him all the best for the future.”