Jupiter has appointed Nick Payne as lead fund manager within its global emerging markets equity team.
Payne joined Jupiter in 2020 following the company’s acquisition of Merian Global Investors and is currently lead manager of Jupiter’s emerging markets-focused global fund.
Prior to joining Merian, Payne worked at Nomura Asset Management where he was appointed Head of Emerging and Frontier Equities in 2015. Previously, he was at Rexiter Capital Management as Director and Head of Latin America.
Payne’s appointment follows the resignation of fund manager Ross Teverson who joined the firm in 2014.
Teverson has managed both the Jupiter Global Emerging Markets Fund, since its inception, as well as the Emerging and Frontier Income Trust since its launch in 2017. He has worked alongside Payne and the team since joining the company. Merian team in 2020.
Following Teverson’s departure, management of the Jupiter Global Emerging Markets Fund will transfer to Payne and his team.
Earlier this month, the board of directors of the Jupiter Emerging and Frontier Income Trust, managed by Teverson, presented proposals for the voluntary liquidation of the company by the members.
Jupiter said another announcement regarding the future of the company would be made in due course.
Matthew Beesley, Chief Investment Officer at Jupiter, said: “I would like to congratulate Nick on his new role, which will bring together Jupiter’s global emerging market equities capabilities under one strategy. Nick is a talented fund manager and strong team leader, and I look forward to working with him in his enhanced role.
“At the same time, I want to thank outgoing manager Ross Teverson, who managed his portfolios through some incredibly tough years for the markets. A dedicated and client-focused fund manager, he was a pleasure to work with during my relatively short time at Jupiter, and he leaves us with our thanks and best wishes for the future.
What do you think of the issues raised by this story? Email us at [email protected] to let us know