The move is part of succession planning at the firm as Stephen Pearson is stepping down as CIO after two decades at the asset manager.

UK fund manager Jupiter has named Matthew Beesley as its new chief investment officer. He will replace Stephen Pearson, who is retiring after a 35-year career in the industry, including nearly two decades at Jupiter. Beesley will start in January 2022 managing an investment team of eight and joining the group’s executive committee.

The firm, which manages around £60 billion for clients, said that both men will work closely together initially to ensure a smooth transition.

Beesley will be in charge of Jupiter’s strategies across equities, fixed income and multi-asset; he will also oversee stewardship, data science, and the performance analysis teams, reporting to CEO Andrew Formica.

“Matt shares our commitment to actively-driven returns and has a well-deserved reputation for being an effective and inspiring leader,” Formica said.

He joins from Artemis, where he spent a year and a half as CIO. For three years before that, Beesley led investments at GAM Investments, where he oversaw strategies in Europe, Asia and the US. He has also been global equities lead at Henderson. He sits on the Church of England Pension Board’s Investment Committee, advising on $4 billion of ethically invested pension fund assets.