Jupiter Fund Management is pressing ahead with its international distribution push with plans to open offices in Italy and Spain after a busy year in which it made progress with its organic growth and diversification strategy, grew staff numbers by a tenth and moved into a new London base.

Liz Airey and Maarten Slendebroek, Jupiter's chairman and chief executive, revealed plans to further broaden the firm's overseas horizons, with office openings in Italy and Spain in 2016 to continue its distribution build-out in recent years, in a statement published alongside its full-year results for 2015, in which the investment house confirmed assets under management rose 12% to £35.7 billion.