Robert Mumby, one of Jupiter's highly-regarded financials managers, is to be appointed manager of the Jupiter International Financials Fund.

Robert, who has some 16 years experience managing and analysing financial equities, will take over management of the fund from Philip Gibbs on 31 October 2011. Guy de Blonay will be appointed deputy manager on the Jupiter International Financials Fund and the Jupiter Global Financials Fund (SICAV) with Robert Mumby taking on the position of deputy manager on the Jupiter Financial Opportunities Fund.

Robert who joined Jupiter in January 2006 has demonstrated significant outperformance for investors in both long only and long/short portfolios. The financials portfolio of the Jupiter Global Managed Fund he managed returned +23.5% for the four and a half years from 1 January 2007 to 30 June 2011 compared with -23.8% for the Bloomberg World Financials Index in GBP (1) while the Financials Hedge Fund he is responsible for has produced an impressive 11.4% return per annum (2).

Additionally, Robert has also delivered outperformance since taking over as lead manager on the Jupiter Global Financials Fund (SICAV) in August 2010, outperforming his benchmark and peers with a return of -12.8% compared with -13.6% for the FTSE All World Financials Index (3).

Philip Gibbs, who has managed the Jupiter International Financials Fund since its launch in December 2009, will now focus on managing his absolute return portfolios - the Jupiter Absolute Return Fund and the Jupiter Second Split Investment Trust.

John Chatfeild-Roberts, Chief Investment Officer of Jupiter Asset Management, said: "Jupiter has built its reputation through successfully developing its fund management team over the past decade. We are delighted that Robert, who has proved himself as a very adept fund manager over the past five years, will be extending his responsibilities to take on the Jupiter International Financials Fund. He has worked closely with Philip not only for the past five years but also during his career as an analyst and we are confident he will serve investors well."

Robert Mumby said: "Philip and I have worked closely for a number of years and I relish the opportunity of taking on the Jupiter International Financials Fund from him and working to produce outperformance for investors over the medium to long term."

- ENDS -

Notes to Editors

(1). Source: Jupiter.  Performance shown for the portion of Jupiter Global Managed is gross of fees.
(2). Source: Jupiter, from 01.05.07 to 31.08.11 in GBP
(3). Source: Financial Express 31.7.10 to 31.08.11 in ?

FUND FACTS: JUPITER INTERNATIONAL FINANCIALS FUND
Launch date:  14.12.09
Charges: 5.25% initial, 1.25% annual management fee + 15% performance fee
Minimum investment: £500 lump sum and £50 a month regular savings

Past performance is not a guide to the future.  The value of investments can fall as well as rise and you may get back less than invested. Jupiter Unit Trust Managers Limited (JUTM) and Jupiter Asset Management Limited (JAM) are both authorised and regulated by the Financial Services Authority 25 North Colonnade, Canary Wharf, London E14 5HS.  JAM and JUTM's registered address is 1 Grosvenor Place, London SW1X 7JJ.  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.  They are not necessarily those of Jupiter as a group and readers should be aware that they 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.