Jupiter Asset Management has appointed Carlos Capela as sales manager for Iberia.
Capela (CFA, CAIA) will be based in Madrid, and will report to Gonzalo Azcoitia, head of the Iberia region.
He joins Jupiter from the private banking division of Citygroup Spain, where he was responsible for managing a portfolio of clients with significant assets. Before joining Citigroup in February 2015, he worked in the private banking division of JPMorgan for nine years.
He previously worked at UBS and Merrill Lynch Investment Managers, always in private banking and asset management.
“This appointment underscores our commitment to the Spanish market, and will put us in a good position to attract new clients and consolidate our relationships with existing investors,” Azcoitia said.
Jupiter entered the Spanish market in October 2014, when it hired Gonzalo Azcoitia as sales consultant for Iberia. The majority of Jupiter clients are currently made up by the principal funds
of funds, discretionary portfolios and private banks in the country.
Jupiter recently announced that it will soon be opening its first office in Madrid. Currently it also has offices in the UK, Germany, Switzerland, Austria, Sweden, Hong Kong, Singapore
and Italy (as well as a presence via third parties in France and Portugal).
Spanish clients can access the investment capacities of Jupiter via the Luxembourg Sicav Jupiter Global Fund, which is registered in Spain and counts on 18 sub-funds. Currently, the most popular are Jupiter Dynamic Bond and Jupiter European Growth, but many sub-funds from the range are sparking growing interest, as is the case of Jupiter Europa and Jupiter Global Convertible bonds.