Jupiter Asset Management is pleased to announce the appointment of Miles Geldard and Lee Manzi to run global convertible and global multi-asset strategies.

Miles and Lee have worked together for 12 years and have 40 years' combined experience in the financial services industry. In the last 13 years Miles has built and managed global convertibles, fixed income and multi asset franchises. In 2009, he was recognised in the Sauren Awards with three gold medals in the convertibles category, two gold medals in the absolute return category and two gold medals in the multi strategy international category. Jupiter anticipates launching global convertible and global multi asset strategies for Miles and Lee to manage, subject to FSA approval.

Having spent much of his early career managing derivative teams in the Far East, Miles became an adviser on fixed income portfolio management and foreign exchange to the Central Bank of Botswana in 1994. In 1997 he joined Jardine Fleming in Hong Kong as Head of Fixed Income, Currencies, Convertibles and Balanced.

In 2004 Miles moved to London and became Chief Investment Officer and Head of the Global Multi Asset Group and Global Strategy Team at JP Morgan Asset Management. In addition to building the convertibles business, he also built and managed the JPM Capital Preservation Fund, a global multi asset absolute return fund. Miles left JP Morgan in 2006 to join RWC Partners (previously MPC Investors), where he founded and headed the multi asset and convertibles team and in two years built a global convertibles business of $2.2bn (£1.5bn) and an absolute return business of over $600million (£408m).

Lee started his fund management career at JP Morgan Asset Management (formerly Flemings) in 1998, working in the fixed income team. After spells working on the European fixed income team and UK desk, he took over the management of the firm's UK Sterling accounts before joining the Global Portfolios Group in 2001 where he managed the fixed income portion of the balanced funds. He then worked in the Global Multi Asset Group with Miles, focusing primarily on fixed interest and convertibles. In 2006 he moved to MPC/RWC to work with Miles as a portfolio manager.

John Chatfeild-Roberts, Chief Investment Officer at Jupiter Asset Management, said: "Miles and Lee have well-established track records and proven expertise in fixed income, convertibles and multi asset portfolio management. We look forward to them joining us to help build our offering in this area."

Miles Geldard said: "Jupiter has built a tremendous culture as a performance-focused fund group. While it has traditionally focused on equity investing, Jupiter has started to build other strategies more recently and I am pleased Lee and I will be able to contribute in these new areas."

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Notes to Editors

Jupiter Asset Management (JAM) is authorised and regulated by the Financial Services Authority, 25 North Colonnade, Canary Wharf, London E14 5HS. JAM's registered address is 1 Grosvenor Place, London SW1X 7JJ. It is a subsidiary of Jupiter Investment Management Group Limited and the group is collectively known as "Jupiter".