Wagstaff and Formica: Jupiter move was about getting back to something much more focused

Managers on steering the firm in a new direction

Jupiter Asset Management's CEO Andrew Formica and global head of distribution Phil Wagstaff speak to David Brenchley about their plans to refocus on their UK clients, growing without getting too complex and conversations with potential new fund managers.

Jupiter Asset Management CEO Andrew Formica and global head of distribution Phil Wagstaff spent six years building up Henderson Group, culminating in overseeing the mega-merger with Janus Capital Group in 2017 that created the $360bn giant Janus Henderson Investors. After leaving together in the summer of 2018, they joined forces a year later with Jupiter - a move they both insist "was not preordained". Jupiter hires Formica as CEO as Slendebroek steps down in March 2019 With $45bn in assets under management, as at 30 September, Jupiter is a fraction of Janus Henderson's size, but ...