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
The UK-based global asset manager has formed a new group executive committee to accelerate its growth strategy following the commencement of its new CEO this month.
Momentum Media has announced 26 winners across 10 individual and 15 group categories for its brand-new Australian AI Awards.
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
