Dan Nickols, from Jupiter, Announces Retirement after Three Decades

After more than three decades in the finance industry, Dan Nickols, Jupiter's head of small and mid-cap (SMID) equities, is set to retire next month, announced the asset manager.

Nickols, who serves as co-manager of the £121m Rights and Issues Investment Trust and lead manager on the £418m Jupiter UK Smaller Companies fund, will step down on 30 June. Following his retirement, Matt Cable, currently co-manager on the investment trust, will assume the lead manager role, supported by Tim Service. The duo will also take responsibility for the open-ended small-cap fund. Additionally, Tim Service will be promoted to head Jupiter’s SMID equities team, replacing Nickols.

Nickols will remain with the firm until the end of June to ensure an orderly transition of his investment management responsibilities.

Tim and Dan have worked together closely for almost 20 years. Tim is therefore ideally placed to lead the team. Meanwhile, Matt, who joined our UK equities team in 2019, has over 15 years’ experience in the small and mid-cap space, having previously worked at M&G Investments.

Kiran Nandra, Head of Equities at Jupiter AM