Jupiter head of strategy for multi-asset Miles Geldard is to step aside as co-manager on three funds with £885m in assets.
Lee Manzi will now become manager of the Jupiter Global Convertibles, Jupiter Strategic Reserve and Jupiter Strategic Total Return funds.
Geldard will remain part of the multi-asset team until early 2018 when he will take on a part-time special adviser role at the fund manager.
His 34-years in fund management cover multi-asset, absolute return and fixed income. He will take a step back from current responsibilities in September as part of the transition and hopes to balance his work with charitable activities.
Jupiter CIO Stephen Pearson says Geldard, who joined the company seven years ago, has helped shape investment team, deliver performance for clients and has made an important contribution to Jupiter in his current role, and previously as head of strategy for fixed income and multi-asset.
Pearson says Geldard has had a long international career in fund management, which the company will continue to draw on.
Miles Geldard says Manzi will manage clients’ assets to the highest standard. 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.”