Jupiter appoints head of Governance

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Jupiter AM has announced the appointment of UK equities specialist Ian McVeigh as head of Governance.

McVeigh, who has been managing portfolios at Jupiter for 12 years, will “step away from day to day fund management” to take on his new role, said the firm.

From 1 May 2015, Steve Davies will then be fully responsible for the management of the UK growth fund, launched in 1988 and reaching £1.4bn in assets (€1.92bn).

The fund will continue to be managed with the same investment process developed by the duo while working together over the past eight years.

Mc Veigh commented : “I am looking forward to focusing on my new corporate governance role, an area I have developed a particular interest in over the past few years.  Jupiter has a strong commitment to providing and encouraging the highest levels of corporate governance and transparency. I look forward to working with governance research manager Ashish Ray and the team to develop this further”.

Jupiter had £31.9bn (€43.8bn) of assets under management as at 31 December 2014.

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