<!-- Swiftype Variables -->

Money Management

Jupiter Asset Management hires new global head of distribution

Phil Wagstaff

Phil Wagstaff was named global head of distribution at Jupiter Asset Management, a spokeswoman said.

Mr. Wagstaff is replacing Nick Ring effective June 5; Mr. Ring is leaving to pursue other executive opportunities, the spokeswoman said.

"We are delighted to have attracted someone of (Mr. Wagstaff's) pedigree and experience to this important role at Jupiter," CEO Andrew Formica said in a news release. "Key to Jupiter's success will be further building on the diversification of our distribution footprint as well as capitalizing on our strong brand."

Mr. Wagstaff was most recently global head of distribution at Janus Henderson. The firm named Suzanne Cain, formerly of BlackRock (BLK), to fill the position effective May 20.