Jupiter Asset Management's chief executive Edward Bonham Carter is to hand over his role to Maarten Slendebroek in March next year.
The group said in a statement: "The Board of Jupiter Fund Management announces that Maarten Slendebroek will succeed Edward Bonham Carter as Group Chief Executive with effect from 17 March 2014."
Bonham Carter (pictured) will remain on the Board and take on a new executive role as Vice Chairman, reporting to Maarten Slendebroek.
Jamie Dundas, Chairman, said: "Maarten takes over from Edward with Jupiter in excellent shape, with strong investment performance, record assets under management and a robust balance sheet.
"Maarten has made a significant contribution since he joined the Company as Distribution and Strategy Director and his appointment as Group Chief Executive is a natural evolution of Jupiter's executive team. I am also delighted that Edward, who has achieved so much for Jupiter, will stay with us in a new executive role focusing on engaging with key stakeholders - an increasingly important requirement as we grow."
Maarten Slendebroek said: "Jupiter is a great business with a strong brand and culture, and a record of investment outperformance. We have been gaining traction with a broader range of clients in the UK and internationally in recent years and I am delighted to have the opportunity to build this growth strategy out further, working with my colleagues in order to deliver value for our clients and shareholders."
Bonham Carter has led the business for 14 years, during which time he has overseen its transformation into a huge sucess story, with the recent float of the business well received.
Since floating in 2010 at a price of 190p, shares have soared to a recent peak above 400p, and are currently trading near that high at 378p.
Bonham Carter said: "It has been a privilege to lead Jupiter during the past 14 years. The Company is well positioned for growth and it is the right time for me to hand over the reins.
"I have enjoyed working with Maarten since his arrival and he has the skills and qualities to take the Company through the next stage of its growth. I look forward to helping the team execute Jupiter's strategy in my new role."
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