John Hamilton is to step down from his role as head of fixed interest at Jupiter after almost 25 years at the group.
Hamilton (pictured), who has managed the Jupiter Corporate Bond fund since launch in 1998, will leave later this year and will scale down his activities before leaving to seek new opportunities.
Jupiter will now merge its fixed income, global convertibles and multi-asset teams into a single unit headed by Miles Geldard.
Geldard managers the Jupiter Global Convertibles and Strategic Total Return SICAVs and the Jupiter Strategic Reserve unit trust.
The group said the structure reflects increased overlap between the strategies. It will also enable its eight managers and analysts and two dedicated dealers to better share ideas and resources and provide more focus and specialisation.
Rhys Petheram, alternate manager on Corporate Bond, will become co-manager on the fund until Hamilton leaves.
"Having been fortunate enough to be responsible for Jupiter's fixed income division for more than two decades I now feel it is time to scale down my activities, pursue other interests and seek new opportunities," Hamilton said.
"We are very grateful for John's loyalty and focus on delivering strong performance for clients during his long career at Jupiter as well as a wider contribution to Jupiter's business. We wish him all the best for the future," said Jupiter CIO John Chatfeild-Roberts.
"Rhys, who has worked closely with John for six years, has proven his abilities as a fund manager and his promotion to co-manager of the Corporate Bond fund is deserved recognition of his capabilities."
Has been cold-calling consumers
New shares admitted to London Stock Exchange
Slow and steady growth
Missed funding target by £240,000
Denies any wrongdoing