Three Jupiter employees, including two newly appointed team members, will be based in the office in Denver, Colorado as the firm initiates its expansion within the onshore US institutional market.
Taylor Carrington, CFA, has joined the firm as head of US distribution and managing director, JAM US. Reporting to Warren Tonkinson, managing director, distribution, he will lead the firm’s sales efforts in the onshore US institutional market. He has 19 years’ experience in asset management and joins from Allianz Global Investors where his most recent position was head of North America, institutional client team. His appointment marks Jupiter’s first step into this client segment, and an important expansion of its international distribution profile.
Initially, Taylor will spearhead the US onshore distribution of NZS Capital’s global growth strategies, following the agreement of the strategic partnership in late 2019, under which Jupiter is the exclusive global distributor of NZS’s products. Taylor has known the NZS investment team and its client base for many years, having previously worked with NZS co-founders Brad Slingerlend and Brinton Johns at Janus Capital Group.
Following receipt of the appropriate regulatory approvals¹, Taylor will also lead the distribution of Jupiter’s investment strategies to the onshore US institutional market.
As part of the initiative to build out the US infrastructure, the firm has also hired Tracy Pike, CFA, as head of investment oversight, JAM US. Tracy’s primary responsibility is to oversee, subject to regulatory approval¹, the delegation of investment activities to NZS Capital in relation to the NZS strategies, or Jupiter Asset Management Limited in the UK. Tracy brings over 24 years’ industry experience and was previously head of sub-advisor oversight at Charles Schwab Investment Management. Prior to this, she was a senior product manager at Janus Capital Group, where she worked closely with Taylor and the NZS investment team. Tracy will report to Katharine Dryer, Jupiter’s deputy CIO.
Joining Taylor and Tracy in the Denver office will be Joel Ojdana, a US credit research analyst on the fixed income strategy. Joel has worked at Jupiter since July 2018 and has over twelve years’ experience in investments. Previously based in London, Joel has made a meaningful contribution to the firm’s US credit research – an important pillar of Jupiter’s £12.7 billion² unconstrained bond offering. Joel will be Jupiter’s first research analyst based in the US – adding a valuable on-the-ground perspective for the firm’s credit research team. He will continue to report to Luca Evangelisti, head of credit research, and remains an integral member of Jupiter’s fixed income team. During 2021, Jupiter will be actively exploring the opportunity to establish a local US credit research hub and potentially expanding the team based there, with Joel leading this initiative.
Warren Tonkinson, managing director, distribution, comments:
“The US institutional market is incredibly significant, and I’m thrilled that we’ve been able to open our office in Denver. Under Taylor and Tracy’s experienced leadership, there is a brilliant opportunity to expand meaningfully, offering both NZS and in time, Jupiter strategies to US institutional investors. ”
“Establishing a local presence is vital to achieving success in this market and ensures our new US clients will receive the highest level of customer service. The office opening also represents a key milestone in Jupiter’s international growth, as we build a truly global, active, asset management firm.”
Taylor Carrington, head of US distribution, adds:
“Having worked in the US institutional market for many years, I am confident that Jupiter’s broad, high-conviction and genuinely active fund range will appeal to a wide number of sophisticated investors looking to navigate global markets. The opportunity to initiate Jupiter’s expansion in the region, as well as to work with the NZS team again, is incredibly exciting and I look forward to helping Jupiter becoming a significant participant in this market.”
2 Combined AUM of the £8.3bn Jupiter Dynamic Bond and £4.4bn Jupiter Strategic Bond Funds as at 30/09/2020
Taylor Carrington joined Jupiter in September 2020 as head of distribution, US. Prior to joining Jupiter, Taylor was at Allianz Global Investors for over six years where he was responsible for developing the firm’s US institutional business development and client service offering. Before Allianz, Taylor spent eight years in institutional distribution at Janus Capital Group. He started his career in investments in 2001, has an economics degree from Wake Forest University and has been a CFA Charterholder since 2004.
Tracy Pike joined Jupiter in September 2020 as head of investment oversight, JAM US. Tracy was previously vice president, head of sub-advisor oversight at Charles Schwab Investment Management, overseeing the firm’s due diligence, reporting and analysis of third-party investment capabilities. Prior to Charles Schwab, Tracy was vice president, senior product manager at Janus Capital Group for five years. Tracy has over 24 years’ experience in investment management. Tracy also serves as treasurer on the board of directors for Dress for Success’s Denver chapter. Tracy holds an MBA from Columbia University in New York and is a CFA Charterholder.
Joel Ojdana joined Jupiter in July 2018 as a credit analyst in the fixed income team, specialising in US high yield credit. Before joining Jupiter, Joel worked as a credit analyst at Balyasny Asset Management and Seaport, having previously spent seven years in investment banking, working for firms such as Mizuho Securities in mergers and acquisitions and BNP Paribas in leveraged finance. Joel holds an MBA from London Business School and a BSc in Psychology and Management from Washington and Lee University.
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