Jupiter Asset Management has formally opened an office in Jersey. 

The office, managed by Jupiter offshore sales director Simon O'Donoghue, has been established to deal with growing business volumes from the Channel Islands. 

Jupiter has had a long association with Jersey - a relationship that has been extended significantly during the past year, with the launch of feeder funds in June 2006, Simon's appointment in September 2006 and the opening of the Jersey office. 

Kevin Scott, Executive Director International at Jupiter, said: "Jupiter's decision to open an office in Jersey is a reflection of the Company's commitment to the Channel Islands and recognition of the growing importance of Jersey as a financial centre.  

"Jupiter is attracting significant volumes of business from the Channel Islands and we believe that opening this office will help us to work more closely with clients in the offshore sector and, over time, increase our share of this important market." 

-ENDS- 

Notes to Editors:
Jupiter Asset Managers (Jersey) Limited is regulated by the Jersey Financial Services Commission (the "Commission") under the Collective Investment Funds (Jersey) Law 1988 (the "CIF Law").  Jupiter Asset Managers (Jersey) Limited has been granted a permit in respect of the Jupiter Offshore Portfolio Fund Limited under the CIF Law by the Commission.  The Commission is protected by the CIF Law against all liability arising from the discharge of its functions under the CIF Law.    Registered address: Standard Bank House, 47-49 La Motte Street, St. Helier, JE4 8XR.