Jupiter has hired Robert Siddles from F&C to run US small cap portfolios at the group, with the manager bringing across his £150m US Small Cap trust.
The board of the £150m F&C US Smaller Companies trust has said it will serve notice on F&C after manager Robert Siddles quit the group.
Jupiter has promoted Dan Carter to run its $148m Jupiter Japan Select SICAV, with Simon Somerville stepping back to become deputy manager.
Shares in the Royal Bank of Scotland have slumped in morning trading after Chancellor George Osborne said a break-up of the semi state-owned lender could take place "within weeks".