Jupiter sees £1bn of outflows in third quarter as ‘macro uncertainty’ persists
Firm will implement fee changes from early 2024
Firm will implement fee changes from early 2024
No separate vote for retail and institutional investors
But anticipates flows to turn positive in FY24 as a whole
Money still under management will be returned
The £11.05 per share offer values Gresham House at £469.8m
600 Link staff will join fellow asset servicing firm
Assets dipped 5.8% to £37.4bn in last three months
Newly formed ‘Client Group’ brings together wholesale and institutional distribution arms
Directors to hold board seats until AGM in 2024
Chief risk officer Elmar Zumbuehl replaces Randel Freeman, who has withdrawn due to unforeseen family circumstances
Operating profit fell to £113.5m from £234.8m
Ruth Leas and Henrietta Baldock to join the Rathbones board