Monday, Nov 27, 2023
English News
  • Hyderabad
  • Telangana
  • AP News
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • Rewind
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Education Today
    • Reviews
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | India | Jupiter Ceo Leaves 68 Billion Company To Sit At The Beach

Jupiter CEO leaves $68 billion company to sit at the beach

Hyderabad: Andrew Formica, the chief executive officer of Jupiter Fund Management Plc, took everyone by surprise after he announced he was leaving the £55.3 billion ($67.9 billion) asset management company. The 51-year-old had joined Jupiter in 2019. According to a report on ‘Bloomberg’, he will leave his post on October 1 and will step down […]

By Telangana Today
Published Date - 02:09 PM, Wed - 29 June 22
Jupiter CEO leaves $68 billion company to sit at the beach
whatsapp facebook twitter telegram

Hyderabad: Andrew Formica, the chief executive officer of Jupiter Fund Management Plc, took everyone by surprise after he announced he was leaving the £55.3 billion ($67.9 billion) asset management company. The 51-year-old had joined Jupiter in 2019.

According to a report on ‘Bloomberg’, he will leave his post on October 1 and will step down as a director of the London-based corporation on that day. Matthew Beesley, the organisation’s chief investment officer, will take over as CEO in his place.


Formica, who has lived in the UK for nearly three decades, wants to return to his country of origin, Australia. He claimed in a telephone conversation that his decision to leave was motivated by personal factors, such as a desire to be near his ageing parents. “I just want to go sit at the beach and do nothing. I’m not thinking about anything else,” he said.

Jupiter Fund Management is a UK fund management group, managing equity and bond investments for private and institutional investors. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

  • Follow Us :
  • Tags
  • Bloomberg
  • Jupiter CEO
  • Jupiter Fund Management
  • Matthew Beesley

Related News

  • ISB continues to be in top league of B-Schools in Asia-Pacific region

    ISB continues to be in top league of B-Schools in Asia-Pacific region

  • Pinterest lays off about 150 employees amid cost-cutting measures

    Pinterest lays off about 150 employees amid cost-cutting measures

  • Elon Musk 1st person in world to lose $200 billion in net worth: Report

    Elon Musk 1st person in world to lose $200 billion in net worth: Report

  • Journalist’s love story with ‘most hated man’ goes viral

    Journalist’s love story with ‘most hated man’ goes viral

Latest News

  • Opinion: What Biden-Xi didn’t say

    6 hours ago
  • Editorial: Give peace a chance

    6 hours ago
  • “Boys are taking responsibility, not much pressure on me,” says Suryakumar after win over Australia in 2nd T20I

    6 hours ago
  • ‘BRS victory in Telangana equally important for people of Maharashtra’

    7 hours ago
  • IND vs AUS: India defeat Australia by 44 runs, take 2-0 lead

    7 hours ago
  • Cooch Behar Trophy: Vikalp’s ton help Chhattisgarh to post 341/5

    7 hours ago
  • Secunderabad Club beat SN Group by 10-wickets in HCA C Division One-day League

    7 hours ago
  • Kuchipudi exponent urges people to develop artistic hobbies

    7 hours ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam