UK asset manager Jupiter has confirmed that the global head of finance at rival Schroders will join the firm as chief financial officer in September.
Wayne Mepham will also join Jupiter’s company board and executive committee, bringing more than 23 years’ experience in financial services. He has been with Schroders for the past nine years, and prior to that, held various senior roles at PwC where he worked with the company’s asset management, insurance and banking clients.
“[Mepham] has a long and successful track record in financial services and in particular, has deep experience of the asset management industry from both a domestic and global perspective,” said CEO of Jupiter, Andrew Formica. “He is a strong leader with a wide range of relevant expertise including technical accounting, regulation and commercial development and I have no doubt that he will be an excellent addition to our team.”
Mepham’s appointment follows news of Jupiter’s current finance chief’s decision to step down from the role. Charlotte Jones announced in February that she would be leaving the asset manager to take up the position of CFO at RSA Insurance Group. She will remain with Jupiter until the end of July.
“I am very excited by this opportunity,” Mepham commented on his appointment. “Jupiter has a great team, clear strategic direction and an incredibly strong brand, but with significant potential to grow its franchise further, and I very much look forward to getting started.”
In January, appointed the former co-CEO of Janus Henderson, Formica, as its new CEO after confirming that Maarten Slendebroek will step down from the role. Formica resigned as CEO of Janus Henderson in August last year as the asset management group decided to drop its co-CEO structure. Due to Formica’s availability at the time, Jupiter said that it decided to accelerate its succession plans.