Jupiter Asset Management announced that Lee Manzi, previously co-manager of Jupiter’s convertible and multi-asset funds, will be responsible for this product range from September as a fund manager. The reason for this is that Miles Geldard, current co-fund manager and head of Strategy, will take on the role of a senior adviser in early 2018.
Geldard and Manzi, who have worked together for nearly two decades, currently co-manage £885m in three mutual funds, Jupiter Global Convertibles, Jupiter Strategic Reserve and Jupiter Strategic Total Return, and segregated institutional business.
In his new role, Manzi will be supported by the multi-asset team, including analyst Joseph Chapman, product specialist Fabrizio Palmucci and Katharine Dryer, who was appointed head of Investments, Multi-Asset and Fixed Income last year. Geldard will remain part of the multi-asset team until early 2018, after which he will take on a new part-time position as Senior Adviser.
From September, Geldard will step back from his current responsibilities and his role as head of Strategy, Multi-Asset, in order to balance work with his charitable activities. This follows a very successful 34 year career as a fund manager in multi-asset, absolute return and fixed income. In his new role, he will continue to work with the team, provide strategy input to clients globally, and be a broader resource for Jupiter.
Stephen Pearson, chief investment officer at Jupiter Asset Management, said: “Geldard has been a valued colleague since joining the company seven years ago. He has helped to shape the investment team, deliver performance for clients and has made a significant contribution to Jupiter in his current role, and previously as head of Strategy, Fixed Income and Multi-Asset.
“Geldard has a wealth of experience, gained during a long international career in fund management, which we will draw on. We are delighted that his new role will enable him to continue to support our clients and the investment team.”
Miles Geldard said: “Having managed portfolios with Lee for almost two decades I know that clients are in good hands. He will continue to manage our clients’ assets to the highest standard, with the support of the multi-asset resources the firm has built. I am looking forward to my new role which enables me to continue working with the investment team and Jupiter’s clients, while balancing this with my charitable activities.”