Stephen Pearson was appointed chief investment officer at Jupiter Fund Management, a spokeswoman said.
Mr. Pearson replaces John Chatfeild-Roberts, who stepped down to concentrate on multimanager portfolios as head of the Jupiter Merlin independent funds team. Mr. Chatfeild-Roberts remains a board director.
Mr. Pearson was previously head of investments. The spokeswoman said there is no immediate replacement.
“I have encouraged (Mr. Pearson) to take the lead on managing the investment team so it is a natural evolution for him to take on the role,” Mr. Chatfeild-Roberts said in a news release. “As a result, I can devote my time to the job I enjoy the most: investing the Jupiter Merlin portfolios.”
Jupiter has £34.8 billion ($52.8 billion) in assets under management.