Fund manager Jupiter is set to make up to 90 staff redundant over the next six months as it looks to cut costs and restructure.

Fund manager Jupiter has reshuffled its sustainable investing team in a move which sees the exit of 20 year Jupiter veteran Charlie Thomas for a new role outside the company.

Interim figures from Jupiter today underlined the impact of the Coronavirus pandemic as pre-tax profits plunged by 50% to £40.8m and Assets Under Management declined from £45.9bn June 2019 to £39.2bn in June 2020.

There will be redundancies at Merian Global Investors should the proposed acquisition by Jupiter get the go ahead from the regulator, a spokesperson has told Financial Planning Today.