Andrew Formica Net Worth: The Real Flex of Businessman Income
Andrew J. Formica is the Company’s Chief Executive Officer and Director. Andrew was the Co-CEO of Janus Henderson Group plc until 2018. From 2008 until the merger with Janus Capital in 2017, he was the CEO of Henderson Group plc.
Andrew Formica Bio
He worked at Henderson from 1998 to 2004, when he became a member of the company’s executive committee. Before being named CEO, he was Joint Managing Director of the Listed Assets business (starting in September 2006) and Head of Equities (from September 2004). At the beginning of his career, he worked for Henderson as an analyst and manager of stocks. Andrew was the vice-chairman of The Investment Association’s board of directors until September 2018. Since November 2015, he has been a non-executive director of Hammerson plc.
Andrew Formica Age
Andrew Formica, who is 48 years old, has been the CEO and a director of Jupiter Fund Management Plc since 2019. There are 6 older executives at Jupiter Fund Management Plc, but none who are younger. At 71 years old, Bridget Macaskill is the company’s top boss. She is an Independent Non-Executive Director at Jupiter Fund Management Plc.
What does Andrew Formica get paid?
As the Chief Executive Officer and Director of Jupiter Fund Management Plc, Andrew Formica is paid a total of GBX1,322,000 by Jupiter Fund Management Plc. The highest-paid executive at Jupiter Fund Management Plc is Andrew James Formica BA (Econ), FIA, FIAA, MA (Econ), MBA, who makes $1,753,000 a year.
What is the net worth of Andrew Formica, the CEO of Jupiter?
Andrew Formica is the CEO of a well-known company, and his estimated net worth is around $25 million. But this is not a confirmed number, so it seems like he has a huge net worth. Andrew is paid GBX1,322,000 by Jupiter Fund Management Plc as a whole.
As Chief Executive Officer and Director, he made a lot of money. Also, he makes most of his money from his job, and the public doesn’t know about his other sources of income.
Who is Andrew Formica, CEO of Jupiter, married to?
Andrew Formica is married and has four kids, but no one knows the name of his wife. We found out that he has four kids by scrolling through his social media accounts. He married his partner in a big ceremony in his hometown of Sydney, and it looks like he and his wife are happy together.
After he retires, the two of them plan to do nothing and spend time with family.
Why did he quit?
Andrew Formica, who has been the CEO of fund manager Jupiter for just over three years, is leaving his job, the company said on Tuesday. Formica joined Jupiter in March 2019. He or she will leave in October, and the current head of investments, Matthew Beesley, will take over. His resignation comes after what he calls “an extremely difficult time for the business and markets,” when Jupiter lost money and its share price went down.
Tuesday afternoon trading brought the price of Jupiter shares down 1.1%, to 155.6p. In the past year, they have lost about 40% of their value. Jon Little, a former executive at Jupiter, has spoken out against Formica. In a letter to Formica’s chairwoman, Nichola Pease, last month, Little said that his appointment had been a “mistake.”
He said that Jupiter had “lost its way” and needed new leadership and a new plan. In the first quarter of this year, Jupiter had a net outflow of £1.6 billion, and the amount of money it was managing went down by £5.2 billion, to £55.3 billion. This is partly because investors are no longer interested in British and European stocks, which are Jupiter’s core sectors.
Formica said, “Jupiter is a client-driven business, and I’m proud to have worked with such a great and dedicated team as we got through a very tough time for the business and markets.” “Despite these problems, we kept giving our clients what they wanted by having strong investment performance and focusing on high conviction active management.”
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