Edward Bonham Carter is to step down as Jupiter's CEO. Photograph: Jason Alden / Rex Features
Jupiter Fund Management said on Monday that Edward Bonham Carter would step down as chief executive after 14 years at the helm, during which he led a management buy-out and subsequent listing of the company.
He will be replaced by distribution and strategy director Maarten Slendebroek on 17 March, and take up a role as vice chairman, responsible for "engaging with key stakeholders" and reporting to Slendebroek.
Bonham Carter, brother to actress Helena Bonham Carter, has run the firm since 2000, overseeing a private equity-backed management buyout in 2007 and a stock market listing in 2010.
Slendebroek joined the company in September 2012 after 18 years at BlackRock, most recently as head of the international retail business.
"While there may be some disappointment at his [Bonham Carter's] loss as CEO, this should be balanced by the value which he can continue to add to Jupiter in his new role, and the obvious talents of Maarten Slendebroek as his successor," said JP Morgan in a note to clients.
Bonham Carter is the company's eighth largest shareholder with a 2.8% stake worth around £49m, according to Thomson Reuters data.
"In our view his [Slendebroek's] impact on Jupiter's business and net flows has already been witnessed in the resilience of group flows during a period when the UK retail environment has been quieter," JP Morgan added.
The bank retained its "overweight" stance on the compan
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