The chief operating officer of Jupiter Asset Management, a 22-year veteran of the £36.2 billion investment group, has relinquished his daily responsibilities and moved to a part-time role.

Adrian Creedy, who was previously head of legal and human resources before becoming operations chief nine years ago, will step away from his COO duties and focus on his responsibilities as company secretary on June 1, according to a person familiar with the matter. Companies House filings confirm that Creedy's stint as a director at Jupiter ended on May 30.