CEO quits $68 billion to sit at the beach and do nothing


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The Chief Executive Officer of London-headquartered fund house, Jupiter Fund Management Plc, Andrew Formica has stunned all by resigning suddenly. He joined $68 billion fund management giant in 2019 and will resign from his position on October 1. It is further being reported that Formica has quit citing personal reasons and wants to move back to Australia to be with his parents.