Jupiter has lost its second salesperson in a week as Federated Hermes poaches Mike Daly for a sales director role.
Joining in June, Daly (pictured) will report to Federated Hermes head of UK wholesale distribution Dan Churchouse and will be responsible for raising third party assets and generating new revenues from UK Wholesale clients in London.
Daly had been at Jupiter for the last 13 years, joining the firm in 2008 and becoming a sales manager in 2011, focusing on banks, wealth managers and fund of funds in London and the Channel Islands.
He is the second member of the sales team to depart Jupiter recently, with Paul Faragher jumping ship to M&G Investments last week.
Federated Hermes said Daly’s appointment marks the next phase of growth for its wholesale channel as well as its continued commitment to the UK market. The business was formed after US-based manager Federated Investors acquired a 60% stake in Hermes Investment Management from the BT Pension fund in 2018.
Churchouse said: “Given the history of the business and our headquarters in London, the UK will always be a key market for us. Mike has a wealth of experience, a strong reputation among the London fund buying community and an enthusiasm for sustainable investing, all perfectly aligned to our culture and strategic priorities.”
