Jupiter's European equities veteran Darwall to step down from flagship funds; Columbia Threadneedle's Nichols to take over

Ongoing development plans

Jupiter's Alexander Darwall is stepping down as manager of the group's £5.3bn European fund and £2.4bn European Growth Sicav, passing responsibility to new hire Mark Nichols, who will join from Columbia Threadneedle.

Darwall, who is also head of Jupiter's European Growth strategy, will step down from the funds "before the end of the year" to focus on the £912m Jupiter European Opportunities trust, which he has managed since 2000, and his long-standing segregated institutional mandates. He has managed the Jupiter European fund and European Growth sicav since 2001 and 2007 respectively, and will be passing responsiblity to Mark Nichols, after a "suitable transition period" as part of the ongoing development of the Jupiter European Growth team.  Long-standing managers Radcliffe and Surtees exit Jupit...