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Former Board Director Jon Little: Jupiter Asset Management Had Lost its Way & Risks Takeover, Share Price Drops 72% Since 2018 with AUM at $72 Billion
6th May 2022 | Hong Kong
Former Jupiter Asset Management board director Jon Little had published an open letter to Jupiter Asset Management Chair Nichola Pease, citing Chief Executive Andrew Formica for not delivering on key metrics, shareholder returns & return on equity, therefore losing its way and risking takeover. Jupiter Asset Management share price had dropped by 72% since January 2018 (GBP 631) to May 2022 (GBP 176), with a market value of just under GBP 1 billion. Jon Little was a non-executive director of Jupiter from November 2011 to October 2016, and has millions of shares (value) of Jupiter Asset Management. Jon Little was the previous Chairman of BNY Mellon Asset Management. Current Jupiter Asset Management Chief Executive Andrew Formica was the former Chief Executive at Janus Henderson.
“ Former Board Director Jon Little: Jupiter Asset Management Had Lost its Way & Risks Takeover, Share Price Drops 72% Since 2018 with AUM at $72 Billion “
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Former Board Director Jon Little: Jupiter Asset Management Had Lost its Way & Risks Takeover, Share Price Drops 72% Since 2018 with AUM at $72 Billion
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