Jupiter unveils MBO team

Edward Bonham-Carter will assume chief executive responsibility, working alongside Jonathan Carey as part of Jupiter’s plans for a management buyout.

The deal announced earlier today will see Jupiter’s existing management team up with private equity house TA Associates to buy the firm from Commerzbank for over £740m.

It also means key players who have helped to build the firm up will also hold management positions, and sees Carey act as executive deputy chairman of Jupiter Investment Management Holdings Ltd.

Bonham-Carter will assume full executive responsibility for the group while a further four key members of the team join the board - Adrian Creedy, chief operating officer, and Jupiter fund managers Anthony Nutt, Philip Gibbs and John Chatfeild-Roberts.

An independent chairman has yet to be appointed before the deal completes while the remaining members of the board will come from TA Associates: Michael Wilson, managing director of TA Associates; Christopher Parkin, vice president of TA Associates and Richard Morris Jr, an adviser to TA Associates.