Jupiter Asset Management has appointed Rachel Perini as head of institutional in the UK, further strengthening its institutional business.
The appointment comes as the firm seeks to build out its UK institutional client base following the restructuring of its Institutional business last year.
Perini will be part of Jupiter’s Global Institutional team and collaborate with the head of global consultants Tom Gardner to grow the company’s institutional business in the UK.
She will report to Jupiter deputy global head of distribution Warren Tonkinson.
Perini joins the firm from UBS Asset Management where spent around seven years as part of the UK Institutional Client Coverage team. She was responsible for managing the firm’s UK strategic clients including insurance companies, pension schemes, and fiduciary managers.
Prior to that, Perini worked at BlackRock and SEI Investments.
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Jupiter CEO Andrew Formica said: “The growth of our institutional business is a core strategic priority for Jupiter, and an area in which we have already made significant progress.
“With a strong global team now in place, and our relationships with global and regional consultants growing and deepening, we have a robust foundation from which to drive our institutional growth objectives, working hand-in-hand with our clients to provide the best investment solutions to fit their specific needs.”
Perini added: “I am excited to have the opportunity to both lead and contribute to the strong growth of the business and am looking forward to working with my colleagues as we continue to introduce our best-in-class strategies to the institutional market here in the UK and across Jupiter’s international markets.”
Last month, Jupiter as Matthew Beesley as its chief investment officer (CIO), replacing Stephen Pearson.