– UK, London – Jupiter Fund Management plc (LSE:JUP), announces the appointment of Karl Sternberg as an independent Non-Executive Director with immediate effect. Karl will be appointed as a member of the Audit and Risk Committee.
Karl brings some 30 years’ experience in the investment industry to Jupiter, gained through both executive and non-executive roles. He was a founding partner of institutional asset manager Oxford Investment Partners, which was bought by Towers Watson in 2013, and prior to that, held a number of positions at Morgan Grenfell/Deutsche Asset Management between 1992 and 2004 including Chief Investment Officer for London, Australia, Europe and the Asia Pacific.
Since 2006 he has developed his non-executive career, with a focus on investment management and the investment trust sector in particular. He is currently Chairman of JP Morgan Income & Growth Investment Trust plc, Senior Independent Director of Alliance Trust plc, a Non-Executive Director of Herald Investment Trust plc, The Monks Investment Trust plc, Clipstone Logistics Reit plc and Lowland Investment Company plc. From 2010 to 2015 he was a Non-Executive Director of Friends Life Group plc where he was a member of the Audit Committee and chairman of the Investment Oversight Committee.
Liz Airey, Chairman of Jupiter Fund Management plc, said: “Karl has developed a wealth of experience in the asset management industry over his career, both at an executive and non-executive level, which dovetails well with the existing expertise on Jupiter’s Board. We are delighted to welcome him to Jupiter.”
Karl Sternberg said “Jupiter is a high quality asset manager with a strong culture, brand and focus on investment outperformance. It has great potential for future growth and I am very much looking forward to working with the Board as the Company extends its reach further in the coming years.”
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