Jupiter Unit Trust Managers Ltd has appointed Simon Somerville as manager of the Jupiter Global Managed Fund.

Simon, who has worked as deputy manager on the Fund since September 2010, will take over the £256m Fund from John Chatfeild-Roberts with effect from 14 November 2011. John, who has produced returns of 99.4% compared with 37.5% for the IMA Global sector average*, will become deputy manager on the Fund and will continue to provide input to the Fund's asset allocation strategy.

Simon has a strong background in managing global equities, having worked as head of global equities at Cazenove for over two years before joining Jupiter in 2005. Since then he has become best known for successfully managing Jupiter's Japanese assets. Since launch, the £478m Jupiter Japan Income Fund (unit trust) has returned 18.6% compared with -1.2% for the IMA Japan sector average, placing the Fund 4th out of 43 funds in the sector*. Simon also manages the £51m Jupiter Japan Select fund (Sicav), which has returned 12.5% compared with 7.9% for the FO Equity Japan sector average since its launch in July 2009. This places the fund 30th out of 103 funds in the sector.**

Simon will remain lead manager of the Japan funds, supported by Dan Carter, who has been appointed deputy manager for both portfolios. Dan, who has worked at Jupiter since 2008, has been managing the Japanese portfolio of the Jupiter Global Managed Fund since April 2010. During this time, the portfolio has returned -4.3% compared with -9.8% for the FTSE Japan Index.***

John Chatfeild-Roberts, chief investment officer at Jupiter, said: "Simon has delivered exceptional performance for investors since launching the Japan Income Fund and has been taking on increasing responsibility for Jupiter Global Managed in the past year. With my role having expanded since I became CIO last year, I feel the time is right to hand over full-time responsibility for this portfolio to Simon. It is also pleasing to be able to appoint Dan as deputy manager on both our Japan funds. He has worked hard and deserves greater responsibility."

Simon Somerville said: "I am delighted that Dan is taking on the role of deputy manager for the Japan funds. He has added considerably to the team since he joined Jupiter and, given our success in raising assets for the funds, his increased support will be of great benefit. I have very much enjoyed the additional challenge of working on the Jupiter Global Managed Fund and am delighted to be taking on the role of lead manager on the Fund."

-ENDS-

NOTES TO EDITORS

Jupiter Unit Trust Managers Ltd (JUTM) and Asset Management Limited (JAM) are authorised and regulated by the Financial Services Authority and their registered address is 1 Grosvenor Place London SW1X 7JJ. JUTM and JAM are subsidiaries of Jupiter Investment Management Group Limited and the group is collectively known as "Jupiter". The above commentary represents the views of the Fund Manager at the time of preparation and may be subject to change and this is particularly likely during periods of rapidly changing market circumstances. Their views are not necessarily those of Jupiter and should not be interpreted as investment advice. Every effort is made to ensure the accuracy of any information provided but no assurances or warranties are given.

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