Wagstaff and Formica: Jupiter move was about getting back to something much more focused

Managers on steering the firm in a new direction

David Brenchley
clock • 7 min read

Jupiter Asset Management's CEO Andrew Formica and global head of distribution Phil Wagstaff speak to David Brenchley about their plans to refocus on their UK clients, growing without getting too complex and conversations with potential new fund managers.

Jupiter Asset Management CEO Andrew Formica and global head of distribution Phil Wagstaff spent six years building up Henderson Group, culminating in overseeing the mega-merger with Janus Capital Group in 2017 that created the $360bn giant Janus Henderson Investors. After leaving together in the summer of 2018, they joined forces a year later with Jupiter - a move they both insist "was not preordained". Jupiter hires Formica as CEO as Slendebroek steps down in March 2019 With $45bn in assets under management, as at 30 September, Jupiter is a fraction of Janus Henderson's size, but ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Hargreaves Lansdown's Lund-Yates: Equity strategies for the new tax year

Hargreaves Lansdown's Lund-Yates: Equity strategies for the new tax year

ISA season deadline

Sophie Lund-Yates
clock 15 March 2024 • 3 min read
Investment Week reveals finalists for Fund Manager of the Year Awards 2024

Investment Week reveals finalists for Fund Manager of the Year Awards 2024

Ceremony on 20 June

Katrina Lloyd
clock 13 March 2024 • 10 min read
Columbia Threadneedle shutters two funds on dwindling assets

Columbia Threadneedle shutters two funds on dwindling assets

‘Too small to run’

clock 12 March 2024 • 1 min read
Trustpilot