UK based Jupiter Asset Management has announced its entry into the Italian market and the opening of a branch office in Milan.
The announcement follows the appointment of Matteo Dante Perruccio as executive adviser with the responsibility of supporting the development of Jupiter’s business in Italy.
Matteo Dante Perruccio has already served for eight years as a non-executive director of London-listed Jupiter Fund Management, and has 30 years’ experience in the asset management industry, including various roles in Pioneer Investments as global head of Distribution, vice chairman of Alternatives, CEO International and CEO of Pioneer Investment Management SgR.
Founded in 1985 as a specialist boutique, Jupiter boasts a total of €49bn AUM as at December 2015. Over the past few years, it has initiated a phase of internationalisation through expansion of its activities in Asia and several European countries, including Italy.
It offers multi-asset, equity, fixed income and absolute return investment strategies with a total currently of 16 funds registered for sales in Italy.
“With a culture characterized by active fund management and an unconstrained approach to investments, Jupiter is well positioned to meet its objectives in Italy,” Matteo Dante Perruccio, executive adviser for Italy, said.
I am convinced that the mix of values that differentiate Jupiter from its competitors and the strong performance track record of the funds available to Italian investors will be crucial in attracting Italian clients, contributing to the development of the company in the country,” he said.