Jupiter Asset Management has cut down its trio of custodians to one – BNY.
In a multi-year agreement, BNY will now operate Jupiter’s back-office services for offshore jurisdictions and its middle-office operations.
The asset manager is not planning to outsource its trading capabilities to BNY, it confirmed to Global Trading. Liontrust took this route in June 2025.
READ MORE: Liontrust outsources trading as firm’s performance falters
“This close collaboration with BNY has been developed to streamline Jupiter’s operating platform and support the asset manager in achieving its strategic objectives of building scale, enhancing efficiencies, and improving the experience for its clients,” the vendor noted.
Jupiter declined to comment further on changes to its provider relationships.
