Class act Bonham Carter quits Jupiter after nearly three decades
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Class act Edward Bonham Carter leaves Jupiter after nearly three decades with the fund manager
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Edward Bonham Carter leaves Jupiter after nearly three decades at the fund manager.
Bonham Carter – the brother of actress Helena and one of the most famous faces in the city – joined Jupiter in 1994 as a fund manager before becoming chief executive in 2000.
He led the company through its transition from boutique fund manager to established player, orchestrating the 2007 management buyout and listing on the London Stock Exchange in 2010.
Resignation: Edward Bonham Carter (pictured with sister Helena) joined Jupiter in 1994 as a fund manager before becoming CEO in 2000
The descendant of a family that also includes former Prime Minister HH Asquith, Bonham Carter started in 1982 as an administrative assistant at Schroders. He stepped down as Jupiter chief in 2013, but remained on the board until 2021.
He still owns almost 2 percent of the company, a stake worth £11 million.
He now wants to devote more time to his non-executive work, which includes positions with Land Securities Group, ITV and The Investor Forum.
He highlighted what sets Jupiter apart and pointed to its “dedication to active investment management, which still has a key role to play in the investment industry.”
New chief executive Matthew Beesley has reduced headcount and fund reach. Jupiter has seen years of outflows, and its shares are down about 80 percent since their peak in early 2018.
The stock rose 2.99 percent yesterday.