JUPITER Asset Management announced June 4 that it has further strengthened its position in Asia following shareholder approval of the acquisition of Merian Global Investors. The acquisition increases its headcount and geographic coverage as the company continues its development in the region.

With offices in Hong Kong and Singapore, and with distribution capabilities in other parts of the region, the acquisition will significantly bolster Jupiter’s regional footprint by way of the strong relationships and solid business achievements established over the years in Asia by Merian and legacy companies.

The team in Asia is increasing from 13 to 16 people with the addition of two experienced senior sales personnel and one marketing employee joining from Merian in Hong Kong. Of the senior sales staff joining Jupiter, Karen Cheng, director, North Asia sales and Richard Mo, head of China and Taiwan will both report to Peter Swarbreck, head of Asia-Pacific at Jupiter.

“Jupiter’s acquisition of Merian is built on very solid foundations and a shared proven track-record weathering multiple economic cycles. Both firms share a similar culture with active fund management at the core of their investment philosophy,” says Swarbreck. “By combining forces, we are delighted to be able to offer our Asia clients an enhanced breadth of markets, supported by a high-calibre and well-resourced distribution team. We appreciate these are challenging times, but we are well positioned to help our clients navigate this period and contribute to their future prosperity.”

Jupiter announced its acquisition of Merian Global Investors Limited on February 17. The transaction is expected to bring attractive strategic, commercial and financial benefits to Jupiter, its clients and shareholders. The acquisition is expected for completion on or immediately after July 1, following regulatory approval.