Jupiter's CEO 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 Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

FCA to cut corporate bonds red tape to drive greater retail investor and wealth manager access

FCA to cut corporate bonds red tape to drive greater retail investor and wealth manager access

Move intended to boost UK growth

Linus Uhlig
clock 31 January 2025 • 2 min read
Partner Insight:  Future-proofing your business:  The case for investment outsourcing

Partner Insight: Future-proofing your business: The case for investment outsourcing

Schroders' Jamie Fowler and Philip Chandler explain why outsourcing is a proactive strategy that can transform your advisory business.

Schroders
clock 31 January 2025 • 2 min read
Watch Professional Adviser's Working Lunch with Orbis now: Risk and return from the bottom up

Watch Professional Adviser's Working Lunch with Orbis now: Risk and return from the bottom up

Catch up on the discussion

Professional Adviser
clock 31 January 2025 • 1 min read