Matthew Beesley is to become Jupiter’s chief executive officer, the group has announced. Beesley will take over from Andrew Formica, and has been promoted to deputy CEO with immediate effect. Formica retires in October and will be relocating back to his native Australia. During the transition, Beesley will retain his global chief investment officer responsibilities.
As part of the board’s ongoing succession planning process, Beesley joined Jupiter in January this year as chief investment officer, from Artemis Investment Management, where he held the same position. He previously served as the head of investments and head of equities at GAM Investments, and as head of global equities at Henderson Global Investors. Prior to this, he held a number of global equity portfolio manager roles.
Nichola Pease, chair of the board, commented: “Since joining Jupiter, Matthew has clearly demonstrated his strong leadership skills and strategic insights. The board is pleased to have such a strong internal successor to Andrew and is confident his energy, experience and expertise will help drive forward the group’s strategy, for the benefit of all of our stakeholders.”