Jupiter CFO Johnson to depart

Philip Johnson is stepping down from his role as chief financial officer at Jupiter in May 2016.

Business-Corporate-Board-Room-Meeting-Hire-Hiring-700x450.jpgPhilip Johnson is stepping down from his role as chief financial officer at Jupiter Asset Management.

The move was due to “a narrowing of the role” amid “broader changes” to Jupiter’s executive committee, the firm said today.

Johnson will remain in his post until May 2016 to help with the transition of his successor.

Shares in Jupiter were down 0.5 per cent at 470.00 pence on Monday, according to the London Stock Exchange.

The chief financial officer, who was at Jupiter when the asset manager floated on the London Stock Exchange in June 2010, said it was a “privilege to play a role in the company’s transition from a private firm to a FTSE 250 constituent”.

He said in a statement: “I am looking forward to my next challenge, but can look back with pride on what has been achieved at Jupiter. The business is in an excellent position and I wish it every success going forward.”

Johnson worked at Prudential’s group head office before transferring to M&G in 2000 where he spent eight years, with the last five as group finance director.

He then joined asset manager Marshall Wace as finance director in 2008 before starting with Jupiter in 2009.

Jupiter has seen a number of senior people moves this year, including former chief investment officer John-Chatfeild Roberts stepping down from his role as well as various promotions to the executive committee.

Chief executive Maarten Slendebroek said in a statement: “This structure will ensure the business continues to be best positioned for its future development.”