Jupiter, the UK-listed fund management company, this month celebrates the one-year anniversary since the opening of its European business hub in Luxembourg, and reconfirms its commitment to the region, whatever the outcome of Brexit negotiations.

The company has recruited an experienced and skilled team of nine in the region and appointed Max Guenzl, the firm’s Head of Business and Strategy - Distribution, as Executive Officer, Luxembourg. Max is responsible for integrating JAMI into the wider business and will also spearhead efforts to broaden JAMI’s core duties as a management company.

Since establishing itself in Luxembourg last year, Jupiter has set up Jupiter Asset Management International S.A. (JAMI) as the management company of its Luxembourg domiciled SICAV funds, taking over from the company’s UK based management company. Set up to ensure Jupiter would be able to continue to service current and prospective clients in the European Union post Brexit, JAMI is also responsible for the firm’s six European branch offices: Germany, Austria, Spain, Italy, Netherlands, and Sweden.

Alongside this, Jupiter has also become a member of the local industry body ALFI, confirming its long-term commitment to Luxembourg and its European clients.

Maximilian Guenzl, Executive Officer, Luxembourg commented: “Regardless of the outcome of the Brexit negotiations, Luxembourg and our newly established management company JAMI will continue to be strategically important for the group. Since establishing our presence in the region last year, we have made real progress: we’ve integrated a new management company, doubled our headcount and joined ALFI. All of this, we hope, will create an outstanding platform to support our strategic expansion in Luxembourg.”