CEO quits $97b firm to sit at the beach and 'do nothing' - The Australian Financial Review

Clients have pulled cash from Andrew Formica’s Jupiter Fund Management for four years in a row – and it has failed to stem the outflows this year.

London | Andrew Formica, the chief executive officer of Jupiter Fund Management, has suddenly announced hes leaving the £55.3 billion ($97.6 billion) asset manager he joined in 2019. Mr Formica, 51,… [+912 chars]

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