Katharine Dryer has stepped down as deputy chief investment officer at Jupiter after nine years.
A Companies House filing confirmed that her appointment as a director of the company was terminated as of 26 May.
A spokesperson for Jupiter told Portfolio Adviser: “Katharine has decided to take a short career break to focus on a period of postgraduate study in Oxford.
“As deputy CIO, Katharine was highly regarded both internally and externally. She has made a lasting contribution to the business, building effective relationships across the firm, developing our fixed income capability and shaping our product offering based on our client needs.
“We have begun the process of looking for Katharine’s replacement and will provide an update once an appointment is made.”
Before joining Jupiter in December 2013, Dryer was a managing director in BlackRock’s euro fixed income and multi-asset client solutions team.
Prior to this she worked at Morgan Stanley and Deutsche Asset Management, where she was a fixed income specialist.
Dryer’s departure is the latest twist for the company which has spent a fair amount of time in the press this year. Ahead of its AGM on 11 May, a former director sent out an open letter saying the company has “lost its way” and become “intoxicated” by globalisation. It followed a challenging set of results which were published in April, with Jupiter’s retail arm suffering another quarter of outflows.
March saw Ross Teverson, global emerging markets head of strategy, leave the business. He had managed the Jupiter Global Emerging Markets fund since joining the fund group in 2014 and the Jupiter Emerging and Frontier Income Trust (JEFI) since launch in 2017.
The Jupiter Income Trust was also booted from Interactive Investor’s buy list in February, despite not having a bad 12 months.
