Andrew Formica News

08.11 / 08:35

Target Assurant Strategy show performer reports Takeover Magellan vulnerable to takeover as board hit with first strike

Magellan Financial shareholders have registered a large protest vote against the fund manager’s board, with the company’s new chairman, Andrew Formica, urging investors to focus on the company’s strong balance sheet and its plans for the future.

01.11 / 08:39

BLOCK Strategy gatherings Back to the drawing board for Bolton as Magellan wins vote reprieve

It’s back to the drawing board for Keybridge Capital’s Nick Bolton. Magellan Financial Group’s legal challenge to block Bolton’s push for a meeting of unitholders in its $2.65 billion Global Fund was successful.

25.10 / 03:23

COST UPS Target CEO performer Department Magellan chairman drops $100b ambitions as CEO departs

Magellan chairman Andrew Formica has ditched outgoing chief executive David George’s ambition to restore the investment manager’s assets to $100 billion as he searches for a replacement CEO to enact a turnaround.

17.10 / 03:03

COST CEO Enterprise performer information reports Magellan activist to vote against John Eales as director

Activist investor Sandon Capital says it will vote against the re-election of Magellan Financial Group director and former rugby union legend John Eales at the fund manager’s annual general meeting, citing the group’s pay policies.

02.10 / 14:21

People moves distribution Jupiter global distribution boss Tonkinson departs as part of team shake-up

Max Guenzl (left) and Mathias Mueller (right) will co-chair the newly-formed ‘client group'

31.08 / 12:23

People moves Rangers John Bennett retires from Janus Henderson to focus on Rangers FC

John Bennett

31.08 / 04:21

COST UPS Target FIVE Strategy Regal closes out Magellan short

Magellan Financial has one less short seller to worry about.

23.08 / 19:13

UPS BLOCK Booking stake Chris Mackay selling 6.6pc stake in Magellan; Barrenjoey on ticket

Barrenjoey’s equities desk was late on Wednesday looking for buyers for some $112 million in Magellan Financial shares being offloaded by the fund manager’s co-founder, Chris Mackay.

17.08 / 19:09

UPS CEO Strategy performer Andrew Formica named new Magellan chairman

Magellan Financial has appointed former Janus Henderson co-chief executive Andrew Formica as its chairman less than a month after he joined the board.

26.07 / 14:47

People moves Jupiter asset management Australian Former Jupiter and Janus Henderson CEO Andrew Formica resurfaces at Australian fund house

Andrew Formica (pictured), retired as CEO of Jupiter Asset Management last year.

26.07 / 00:05

CEO Gap Strategy performer Magellan appoints former funds management exec to its board

Embattled fund manager Magellan has appointed former Janus Henderson co-chief executive Andrew Formica to the board as a non-executive director.

20.10 / 11:11

Target Strategy Jupiter CEO says institutional push paying off as outflows slow to £600m

Jupiter Fund Management's new chief executive said the firm's strategy of targeting institutional clients has started to pay off, as outflows from the FTSE 250-listed firm slowed during the third quarter.

16.09 / 12:03

CEO asset manager Jupiter’s new chief plans restructure to revive struggling asset manager

The incoming chief executive of Jupiter Asset Management has told staff that the FTSE 250-listed group will undergo a restructuring in a bid to turn around its fortunes.

28.06 / 10:21

CEO Jupiter CEO Andrew Formica to step down

Jupiter Fund Management has announced that Andrew Formica will step down as chief executive of the FTSE 250-listed asset manager later this year, three years after he took on the top job.

07.05 / 05:51

CEO letter open Ex-Jupiter board member slams management in scathing open letter

A former board member of FTSE 250 listed asset manager Jupiter wrote a scathing letter to its current chair claiming the company has “lost its way” and the appointment of Andrew Formica as chief executive in 2019 was “a mistake”.

06.05 / 17:49

CEO letter open Ex-Jupiter board member slams management in scathing open letter

05.05 / 15:21

CEO letter open Ex-Jupiter board member slams management in scathing open letter

A former board member of FTSE 250 listed asset manager Jupiter wrote a scathing letter to its current chair claiming the company has "lost its way" and the appointment of Andrew Formica as chief executive in 2019 was "a mistake".

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