Industry commentators have welcomed the appointment of former co-CEO of Janus Henderson Andrew Formica as chief executive of Jupiter Fund Management, but warned the task of turning around the asset manager will be no mean feat.
Formica is expected to take over as CEO and director of the firm from 1 March, subject to regulatory approvals, it was announced this morning (22 January) with current CEO Slendebroek remaining in the business until 1 May to ensure a smooth leadership transition and handover. Sophie Kennedy, head of investing at EQ Investors, said: "It's good to see Andrew Formica returning to the funds industry; we were surprised by his departure from Janus Henderson. He certainly has a big job on his hands at Jupiter." Morningstar said in a statement that it did not expect "any sea change in the fir...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
