Janus Henderson CEO steps down
The board of Janus Henderson Group has announced that Andrew Formica has resigned from the role of director and co-chief executive of the company, effective 1 August.
At the same time, the company appointed Dick Weil as the sole chief executive, with the service agreement becoming effective on 1 August.
Henderson also said Formica entered a settlement agreement with the company, which began on 31 July and would end on 31 December, during which he would remain an employee and would serve as an adviser to the board of Janus Henderson.
During that time, he would continue to receive his base salary and would be eligible for employee benefits, it said.
As at 30 June, 2018, Janus Henderson Group has approximately US$370 billion in assets under management and over 2,000 employees across 28 offices worldwide.
AUTHOR
Oksana Patron
Recommended for you
Iress has announced it will divest its superannuation business as the latest step in its transformation program, allowing it to focus on wealth management.
The corporate regulator has named its new chief executive, who is set to replace retiring interim CEO Greg Yanco in March.
Following the departure of its chief marketing officer last year, AMP has appointed a successor to take up the position with the appointment coming from the US.
The Financial Services Council has appointed Justine Earl-Smith as executive director for commercial partnerships and growth, a newly created role for the organisation.
