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Jupiter's CEO Quits $68 Bn Firm To 'Sit At Beach And Do Nothing'

Jupiter's Chief Investment Officer, Matthew Beesley, would take over as the new CEO, and Formica would step down as a Director of the investment firm

Andrew Formica, Chief Executive Officer of Jupiter Fund Management Plc, a London-based fund management firm, abruptly resigned and took everyone by surprise.

Jupiter's Chief Investment Officer, Matthew Beesley, would take over as the new CEO, and Formica would step down as a Director of the investment firm.

Formica, who joined the $68 billion fund management behemoth in 2019, will leave on October 1, according to a media report. 

Before joining Jupiter, he worked for Janus Henderson Group Plc, instrumental in the 2017 merger of the US fund house Janus and the UK's Henderson.

Jupiter Fund Management is a UK fund management group, managing equity and bond investments for private and institutional investors. 



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