Geldard will officially vacate his post in September, at which point he will begin working as a part-time senior adviser.
His fellow co-manager Lee Manzi, who runs the Jupiter Strategic Reserve, Jupiter Global Convertibles and Jupiter Strategic Total Return funds alongside him, will be taking over as head of strategy at some point in early 2018.
Jupiter has said that Geldard will continue to work with the multi-asset team, provide strategy input to clients globally and serve as a broader resource for the firm.
Manzi will continue to look after the three mutual funds, totalling £885m in assets under management, with support from the current multi-asset team, which includes analyst Joseph Chapman, product specialist Fabrizio Palmucci and head of investments, multi-asset and fixed income Katharine Dryer.
Though initially brought on board to run Jupiter’s multi-asset strategy in 2010, Geldard took over John Hamilton’s duties as head of fixed income, following the latter’s retirement.
Prior to Jupiter, he held senior posts at JP Morgan as head of fixed income, followed by CIO and head of global multi-asset, and was one of the founders of RWC Partners and headed its multi-asset and convertibles team.
Jupiter CIO Stephen Pearson commended Geldard for his influence and years of service, adding that the firm would still draw on his wealth of experience.
“Miles has been a valued colleague since joining the company seven years ago. He has helped to shape the investment team, deliver performance for clients and has made a significant contribution to Jupiter in his current role, and previously as head of strategy, fixed income and multi-asset.”
Geldard said of Manzi’s promotion and his new role at Jupiter: “Having managed portfolios with Lee for almost two decades I know that clients are in good hands. He will continue to manage our clients’ assets to the highest standard, with the support of the multi-asset resources the firm has built.
“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.”
