Former Janus Henderson co-chief executive Andrew Formica has been appointed by Manchester-based family office Artorius as an adviser.
Formica (pictured) 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.
Formica was co-chief executive at Janus Henderson and a board member since the merger of Henderson and Janus Capital in May 2017 until August 2018.
He was given a $12m pay-off in August when Janus Henderson decided to ditch the co-chief executive leadership structure a year after the UK and US asset managers merged. Dick Weil became sole CEO.
Formica is also founder and deputy chair of Investment 2020, a trainee scheme focused on bringing diverse talent into the investment management industry.
Other advisory council members
Leigh-Pemberton is deputy chairman of UK Government Investments, having previously served as chairman of UK Financial Investments (UKFI). He joined UKFI in 2013 from Credit Suisse, where he was regional CEO for the UK.
Carter has been on the board of stock broker Peel Hunt since 2002. He was CEO of KBC Financial Products from 1999 to 2010 and prior to that, managing director and partner at DE Shaw & Co.
Holroyd is the founder and current chairman of OnSide Youth Zones which provides young people aged 8 to 19 years old (25 for those with a disability) somewhere safe to go in their leisure time. In 1982, he set up his own food service distribution company, Holroyd Meek, which was acquired by Booker in 1995.
Artorius chief executive Ian Marsh said: “The newly appointed advisory council members are well-known to Artorius and have been highly supportive of our distinctive business model and approach to date. With their appointment we have access to invaluable board level skills as well as an authoritative blend of continuity and fresh perspectives.”
In July, Artorius hired SG Kleinwort Hambros’s Jane Fowke as a senior wealth planning partner and Tilney’s Tina Winder as group compliance officer. Phil Carroll will join the firm in January as an alternative investment manager from Shore Capital.
Artorius was established in 2015 and has offices in Manchester, London and Zurich. It saw a 19% increase in AUM to £810m over the six months to 31 October.
