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.

Shareholders in fund manager Jupiter have voted to approve the takeover of rival Merian at the company’s AGM this week.