Jupiter is ‘exploring’ options for its wealth business, the firm’s chief executive Edward Bonham Carter told Wealth Manager.
"We are exploring options for the business and will make a comment when appropriate,’ Bonham Carter told Wealth Manager.
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"The industry is going through a period of consolidation and barriers for entry are going up. The winners in wealth management need to have the ability to scale their administrative platforms and gain advantage from business efficiencies," the publication quoted him as saying.
Recently, Jupiter Fund Management reported pre-tax profit of £114.1 million for the year 2013, an increase of 55% compared with £73.6 million a year ago.
Maarten Slendebroek will soon replace Bonham Carter.
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