Jupiter global distribution boss Tonkinson departs as part of team shake-up
Max Guenzl (left) and Mathias Mueller (right) will co-chair the newly-formed ‘client group'
His departure follows the formation of the firm's new ‘client group', which will be co-headed by Max Guenzl, currently head of distribution strategy, and Mathias Mueller, head of international sales, who will report directly to CEO Matthew Beesley.
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A spokesperson said: «This new structure reflects the ongoing convergence of wholesale and institutional client demands as they increasingly think beyond ‘products' and seek alternative methods of accessing our alpha generating capabilities.
»Following these changes, Warren Tonkinson and the Jupiter management have concluded that his role is no longer needed and that he will be leaving the company after 11 years at Jupiter and Merian."
Tonkinson joined Jupiter's distribution team as a managing director in July 2020, following the firm's acquisition of Merian Global Investors, where he had worked as global head of distribution since July 2012.
He was promoted to global head of distribution at Jupiter in June 2022, shortly before former CEO Andrew Formica tendered his resignation. Prior to Merian, he spent nearly a decade as head of strategic alliances at UBS Global Asset Management.
In October 2022, Beesley said the management team would seek to diversify its client range with a push towards institutional and non-UK investors, as the firm's retail business continued to suffer heavy outflows.
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In the six months to June 2023, Jupiter's institutional channel attracted £1.7bn of net inflows, and a total of £3.5bn over the
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