Andrew Formica, the Chief Executive Officer of London-headquartered fund house, Jupiter Fund Management Plc, has surprised everyone by resigning suddenly.
Mr Formica, who joined the $68 billion fund management giant in 2019, will vacate his position on October 1, news agency Bloomberg reported citing a company statement.
Matthew Beesley, Chief Investment Officer of Jupiter, would take over as the new CEO and Mr Formica would also step down as Director of the investment firm, the report added.
It further mentioned that Mr Formica has decided to quit citing personal reasons and wants to move back to his native Australia to be with his elderly parents.
“I just want to go sit at the beach and do nothing,” he told Bloomberg.
Mr Formica, who has spent around three decades in the United Kingdom, joined Jupiter in March 2019.
I may perhaps was not earning anything close to 68$ Billion, still my decision to quit my high paid promising job to be a Coach to assist ,so many out there, ran on the same principal, when way back in the year 2016 everything in my life changed forever .
I served my father ,who was severely ill and I’m more than grateful to almighty to have given me this priceless opportunities and many more of this kind , till he passed away last year on 12th May 2021.
Can’t agree more on this.
#happiness is as mysterious as religion!
What gives us fulfillment and happiness is a deep question, which cannot be answered by mere #selfreflection
So if you find yourself , struggling in this space to understand what was the real reason of your failures in life, talk to me or connect here
(c)Mehnaz Amjad 2022