Jason Pidcock to join Jupiter’s emerging markets team, a spokeswoman said.
It is a new position, and Mr. Pidcock will start later this year. Mr. Pidcock’s title will be determined when he joins the firm, the spokeswoman said.
Mr. Pidcock will help build an Asian income strategy for the money manager.
“We have been working to develop our expertise in emerging markets for some time,” said Stephen Pearson, head of investments at Jupiter, in a news release. “(Mr. Pidcock’s) focus on a combination of income and growth, typically found among large-capitalization stocks across the Asia-Pacific region, will add a new dimension to our offering, dovetailing with our existing strategies and giving us the ability to provide clients with a broader range of product to suit their investment objectives.
Mr. Pidcock was portfolio manager for Newton Investment Management’s Newton Asian Income fund. Newton has combined its emerging markets and Asian equity teams under the leadership of investment manager Rob Marshall-Lee, following a strategic review, according to a news release provided by a spokeswoman. The team consists of seven investment professionals, supported by 20 sector analysts and four environmental, social and governance analysts. The changes bring the Newton Asian Income fund under the leadership and responsibility of the newly formed team, moving away from the lead and alternate manager structure it had used.
Jupiter had £34.8 billion ($51.5 billion) in assets under management as of March 31.
