Jupiter UK retail head Crossley departs amid sales team restructure

Head of wealth to manage combined team

Jupiter Asset Management is merging its UK retail and UK wealth sales teams under the leadership of John Tevenan (pictured), with head of UK retail James Crossley leaving the firm.

Crossley has worked at Jupiter since 2004 and oversaw UK retail distribution and the retail sales team. Head of wealth John Tevenan, who has worked at Jupiter for eight years, will manage the combined retail and wealth sales teams. The restructure comes in light of changes to the UK distribution landscape driven by the FCA's Retail Distribution Review, that have seen businesses increasingly adopting a vertical integration strategy, with a greater use of segregated mandates and retail distributors outsourcing their investment processes to wealth managers. Jupiter multi-asset strateg...