Jupiter Asset Management to expand outside the UK, including Singapore

[SINGAPORE] UK-based Jupiter Asset Management’s assets under management (AUM) are a fraction of trillion-dollar firms such as BlackRock, but chief executive Matt Beesley believes the company offers an edge in the form of a strong balance sheet and differentiated offerings.

“Our strategy has been to continue to diversify away from the UK retail market, where we are very strong and a recognised leader. We see opportunities to grow from a lower base in other non-UK markets – and that includes Singapore. We’ve also been trying to build the business more institutionally, and that plays very well into our physical presence in Asia,” he said.

“Our industry is still all about scale, but scale is a relative term. While we’re scaled in many places, we’re not as scaled as we could or should be. In Asia, we can be a more scaled player – that’s why in the last year or so, we’ve moved to get a capital markets services licence in Singapore.”