Jupiter multi-asset head Talib Sheikh departs amid fund range restructuring

Joseph Chapman also exits

Jupiter’s head of multi-asset Talib Sheikh and investment manager Joseph Chapman will be leaving the firm before the end of the year, as part of a wider funds restructuring instigated by incoming CEO Matt Beesley.

"As part of a wider restructure of the fund range, I can confirm that Talib Sheikh and Joseph Chapman will be leaving Jupiter by the end of the year. Clients will be kept informed of our plans for the orderly transition of his portfolios," a spokesperson said.  The news comes after it was revealed last week that Beesley, who will take over for Andrew Formica on 1 October, plans to cut 80 jobs at the company. Jupiter's Formica to retire in October Sheikh joined Jupiter in 2018. During his time at the firm, he managed the £358m Jupiter Multi-Asset Income and £214m Jupiter Multi-Asset...