Janus Henderson’s former CEO Andrew Formica is set to join the board of Manchester-based family office Artorius after backing its development three years ago, it is reported.
Formica and former Credit Suisse UK CEO James Leigh-Pemberton supported the development of the multi-family office Artorius when it was founded in 2015.
According to the Financial Times, Formica will join Artorius as an adviser, contributing to attract UHNWI clients to the firm’s operations in London, Manchester and Zurich.
Formica is one of four senior business leaders appointed to the firm’s advisory council following a third round of £17.5m equity and bond fundraising by shareholders.
He joins James Leigh-Pemberton, Darren Carter and Bill Holroyd on the council to support the executive management team in the next phase of the firm’s growth.
Prior to being appointed chief executive of Janus Henderson, Formica held various senior roles within the organisation including joint managing director of the investment management business and head of equities. Previously, he worked as an equity fund manager for the group. Andrew holds a master’s degree in economics from Macquarie University in 1993 and an MBA from London Business School in 2001. Andrew has 24 years of financial industry experience.
This appointment comes a few months after Formica was ousted from the role of joint-CEO at Janus Henderson.
Over the summer, the asset management giant announced that Richard “Dick” Weil would remain as sole chief executive officer for the firm.
Since the $6bn merger between US manager Janus Capital and London-headquartered Henderson Global Investors in 2017, former Janus’ CEO Weil was sharing the role of co-CEO Andrew Formica.