Jupiter's Formica to retire in October

Replaced by Matthew Beesley

Kathleen Gallagher
clock • 1 min read

Andrew Formica, CEO of Jupiter Fund Management, has informed the board of the company of his intention to retire on 1 October, the company announced today (28 June).

The statement said Formica's long-term plans involve his relocation back to Australia and that given the initial phase of Jupiter's transformation is complete, he feels now is the right time to move on. Nichola Pease, chair of Jupiter, said Formica "has been an excellent leader throughout a highly challenging period for the business, the industry and indeed the world; his expertise and vision have strengthened our underlying business and driven progress towards our long-term strategic objectives." Formica will remain with the business until 30 June 2023 to ensure "a smooth leadership ...

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 People moves

State Street's Ann Prendergast replaces JPMAM's Patrick Thomson as IA chair

State Street's Ann Prendergast replaces JPMAM's Patrick Thomson as IA chair

First joined the board May 2024

Eve Maddock-Jones
clock 11 July 2025 • 1 min read
Sparrows Capital promotes Phillip Young to deputy CIO role

Sparrows Capital promotes Phillip Young to deputy CIO role

Former investment analyst at the firm

Sorin Dojan
clock 10 July 2025 • 1 min read
Rishi Sunak returns to Goldman Sachs as a senior adviser

Rishi Sunak returns to Goldman Sachs as a senior adviser

Joined as an analyst in 2001

Linus Uhlig
clock 08 July 2025 • 1 min read
Trustpilot
Loading page