Jupiter Fund Management CEO Formica to step down
Jupiter Fund Management
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Jupiter Fund Management said chief executive Andrew Formica had decided to step down with effect from October 1.
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Formica will be succeeded by Matthew Beesley, the group's chief investment officer, who becomes deputy CEO with immediate effect.
“Andrew has always been clear with the Board that his longer-term plans would involve the relocation back to his native Australia with his family,” Jupiter said in a statement.
“Following his stepping down as CEO and as a director of the Company, Andrew will … remain in the business until 30 June 2023 to ensure a smooth leadership transition and to assist with a number of strategic objectives, including supporting the Asian business and development of our Australian market offering.”