San Francisco: In a stunning move depicting the emptiness that loads of money can bring in your life, Andrew Formica who is CEO of London-based fund house Jupiter Fund Management has just decided to quit, sit at the beach and do nothing.
He joined the $68 billion fund management giant in 2019 and will resign from his position on October 1 this year.
“I just want to go sit at the beach and do nothing,” Formica told Bloomberg.
Formica has quit citing personal reasons and wants to move back to Australia to be with his parents.
He will be succeeded by Matthew Beesley, the Group’s Chief Investment Officer, who will take up the role of CEO with effect from that time, subject to customary regulatory approvals.