Jupiter’s New CEO Starts Restructuring After Operational Review

Jupiter Fund Management Plc’s incoming Chief Executive has started restructuring the asset manager following an operating model review.

Matthew Beasley, who will assume the CEO role from Oct. 1, will split up the firm’s risk and compliance department and plans to make further announcements following a broader review of the business, according to an internal memo seen by Bloomberg. The Financial Times reported the news earlier.

Jupiter has failed to stem years of outflows from its funds. Clients pulled a further net £3.6 billion ($4.1 billion) in the six months through June from the London-based asset manager’s funds. ...