Andrew Formica is just five months into the job of chief executive at Henderson Group, the holding company of investment manager Henderson Global Investors, but global and industry events have moved at such speed he has not had time for a honeymoon period.
A few weeks after the announcement of his appointment, Lehman Brothers collapsed in mid-September and AIG, the US insurer, ran into trouble shortly after. Mr Formica had been in charge of Henderson for only a few months when he bid for a troubled asset manager that was on the block.
Last week, the former head of Henderson's equities and co-head of listed assets signed off the final details of the acquisition of New Star, the UK retail fund management group it purchased for £107m ($157m, €118m) and tomorrow he will see teams of former New Star staff arrive for work at Henderson's new London new headquarters on the City borders.
