Jupiter Asset Management has appointed Andrej Brodnik as new sales manager to head its sales operations in Germany, Austria and Switzerland.

In this newly created role, Brodnik will be responsible for building on Jupiter’s growth in the three countries which has so far been led by Max Guenzl.

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In Munich and Zurich offices, the five-member team has helped the Luxembourg SICAV fund of Jupiter in the past five years to increase its assets under management to more than £2.1 billion.

Brodnik with 17 years of industry experience joins the firm from Merrill Lynch/Blackrock where he has held a number of senior roles for 12 years, most recently as managing director of the company’s German retail business.

Kevin Scott, executive director, international, at Jupiter, said: "Germany, Austria and Switzerland are key markets for us and having spent several years building our presence through professional fund buyers, the time is right to widen our distribution capabilities, including among retail investors in Germany."

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