Jupiter Asset Management has announced the appointment of Talib Sheikh as its head of strategy for multi-asset.
The blockbuster manager announced his departure from JPM Asset Management earlier this week, where he had overseen around €30 billion in assets.
In his new role, Sheikh, who formally joins in June, will report directly to Jupiter’s chief investment officer, Stephen Pearson.
Jupiter said Sheikh will be charged with developing strategic plans to build out the multi-asset business by offering investment capabilities which are relevant to the firm’s retail, wealth and institutional client base globally.
Commenting on the hire, Pearson said: ‘Talib’s skillset is perfectly aligned with our strategic initiative to expand our international footprint in the multi-asset area, and he is well placed to spearhead this.’
The departure of Sheikh prompted JPM AM to announce revised line-ups for some of its largest mixed asset funds, including the €23.8 billion JPM Global Income fund.