Jupiter has confirmed that JO Hambro fund manager Alex Savvides will officially join the firm on 7 October, ahead of Ben Whitmore’s (pictured) departure.
Savvides’ move was first announced in January, following the announcement of Whitmore’s exit to launch his own value equity boutique – Brickwood Asset Management.
Whitmore will now stay at Jupiter until at least the end of October, Jupiter said.
Savvides will be joined by investment manager Stephanie Geary and analyst Siddharth Sukumar, who will join Jupiter in late July 2024 to work on the UK Special Situations fund. The duo worked under Savvides on the UK Dynamic Equity fund at JO Hambro.
Jupiter will communicate its plan for the management of the £790m Jupiter Global Value Unit Trust later this year.
As previously announced, the firm is assessing whether it would be in the best interests of clients of that fund for it to be managed by Whitmore’s new boutique (once established) as a delegated investment manager of Jupiter. In the meantime, he continues to co-manage the Jupiter Global Value Unit Trust.
Earlier this week, it was revealed that Schroders value manager Kevin Murphy would exit the firm to join his brother Dermot Murphy at Brickwood Asset Management.
