Jupiter's Rhys Petheram has relinquished his role as fund manager of the Corporate Bond fund to take a dedicated multi-asset role alongside Talib Sheikh, who joins Jupiter in June.
Petheram has run the £143m fund since 2012, having joined the firm in 2006.
He has now moved to a dedicated multi-asset role alongside Talib Sheikh who joins the firm as head of strategy, multi-asset, in June from JP Morgan Asset Management.
Petheram will remain co-manager on the Jupiter Distribution and Global Ecology Diversified funds and will assume responsibilities in the institutional absolute return area.
The Corporate Bond fund is now run by Harry Richards and Adam Darling as co-managers.
Richards joined Jupiter in 2011 and is assistant fund manager on the Jupiter Strategic Bond and Dynamic Bond funds with Ariel Bezalel. Darling joined from Barclays in 2015 and is a credit analyst in the fixed income team.
Jupiter Corporate Bond has returned 0.1% over one year to 14 May, according to FE, versus returns of 0.9% by the IA Sterling Corporate Bond sector.
Katharine Dryer, head of investments, fixed income and multi-asset, said: "We are pleased to be able to combine the experience and skill of these two fund managers on the Corporate Bond fund.
"I would also like to wish Rhys well in his new role; he was keen to focus his abilities on this area of the market, and our ambitious plans to further build our multi-asset business provide an excellent opportunity for him to do so."
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