Jupiter reports £4.6bn outflows in CEO Slendebroek's 'challenging' last year; Unveils Luxembourg hub
Fall of £7.5bn in AUM
Outgoing CEO Maarten Slendebroek
Jupiter has reported a £7.5bn drop in assets under management and net outflows of £4.6bn over 2018, as chief executive officer Maarten Slendebroek passes his role to Andrew Formica.
In the 12 months to 31 December 2018, the group saw AUM fall by 15% from £50.2bn to £42.7bn, which included net outflows of £4.6bn. Profit before tax was also down £13.7m to £179.2m, which the group...
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