Artemis chief investment officer Matthew Beesley is defecting to Jupiter Asset Management early next year.
Jupiter said in a statement that Beesley will join the firm in January, succeeding incumbent CIO Stephen Pearson who announced last month his intention to retire.
The pair will work together initially to ensure a “seamless handover”, Jupiter said.
Beesley will be responsible for managing all of Jupiter’s investment professionals and strategies across equities, fixed income and multi-asset. He will also oversee the asset manager’s dedicated stewardship, data science, dealing and performance analysis teams.
He will report to Jupiter chief executive Andrew Formica and join the executive committee.
Formica said: “The fact that we have attracted a high calibre individual such as Matt is a testament to our talented fund management team and the enduring appeal of the Jupiter brand to an increasingly diverse global client base.”
Beesley has been CIO at Artemis since April last year and before that, he was head of investments at Gam Investments from 2017 to 2020. He was head of global equities at Henderson between 2012 and 2017.
He is also a member of the Church of England Pensions Board advising on $4bn (£3bn) of ethically managed pension fund assets.
Artemis senior partner Mark Murray said: “We thank Matt for his brief, but considerable, contribution to Artemis. He will leave with our very best wishes.
“We have the matter of his replacement well in hand; and look forward to announcing that in due course.”
