Jupiter CEO Edward Bonham Carter has backed the fund group to keep hold of key staff members as its post-IPO share lock-in period draws to a close.
Speaking at an event for private clients yesterday evening, Bonham Carter (pictured) said employee ownership of a company is "part of the remuneration answer" and viewed positively by staff. Jupiter staff own just under 25% of the group's shares, Bonham Carter and other senior employees having led a management buyout from Germany's Commerzbank in 2007 and floated the business three years later in June 2010. Employee shareholdings equivalent to around 35% of Jupiter's share capital were subject to a three-year phased lock-in following the flotation. Around 15% of the group's shares ...
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