Janus Fundamental Fixed Income Chief Investment Officer Gibson Smith to Depart Janus at the End of Q1 2016

Janus is promoting members of the existing fundamental fixed income team to leadership roles. Darrell Watters will become Head of U.S. Domestic Fundamental Fixed Income and Chris Diaz will become Head of Global Fundamental Fixed Income.

Darrell joined Janus in 1993 and was most recently a portfolio manager for High Yield, Core Plus, Short Duration, Long Duration, Global Investment Grade and Global Multi-Sector strategies and all related portfolios. Prior to joining Janus, Darrell was a municipal bond trader at Piper Jaffray. Chris joined Janus in 2011 and was most recently Head of Global Rates and lead portfolio manager of the Janus Global Multi-Sector strategy and related portfolios. Prior to joining Janus, Chris was head of the global rates group at ING Investment Management.

“We are excited to promote Darrell and Chris to leadership positions,” said Dick Weil, Janus Chief Executive Officer. “Both Darrell and Chris have been instrumental in building the foundation of the successful 35-member Fundamental Fixed Income team that has delivered excellent risk-adjusted returns and capital preservation for clients.”

All other Fundamental Fixed Income investment, research, trading and risk management teams remain intact. Gibson will remain at Janus as the Fundamental Fixed Income CIO and a named co-portfolio manager until his departure. This timeline will allow for an orderly transition of oversight and responsibility for each of the funds he co-manages.

Enrique Chang, currently Janus Equities and Asset Allocation Chief Investment Officer, will become Head of Investments on April 1, 2016 and will oversee both the Fundamental Fixed Income and Equity investment teams. Enrique joined Janus in September of 2013. He was previously Chief Investment Officer and Executive Vice President for American Century Investments where he was responsible for the firm’s fixed income, quantitative equity, asset allocation, U.S. value equity, U.S. growth equity and global and non-U.S. equity disciplines and oversaw more than 150 investment professionals, including portfolio managers, analysts and traders and AUM of $125 billion at the time of his departure.

Gibson joined Janus in January 2001 as a fixed income analyst and became the Fixed Income Chief Investment Officer in January 2006. Over the past 10 years, Gibson has successfully built out Janus’s Fundamental Fixed income team, which today includes more than 35 fixed income professionals who manage approximately $35 billion in assets, while also producing exceptional results across various strategies.

“I want to thank Gibson for his significant contributions to Janus over the past 15 years. He is an excellent investor and an exceptional leader,” said Weil. “He and his team have proven their ability to deliver strong results for clients over various market cycles, as evidenced by their achieving excellent investment results across many of our Fundamental Fixed Income strategies over the past 10 years. Gibson will be working with the team for the next several months, which is a testament to his professionalism and commitment to our clients.”

“I have the utmost confidence in the continuing fundamental fixed income investment team, whose investment process, philosophy and team approach remain unchanged. We are fortunate to have significant professional depth and standing transition plans in place, which are designed to respond to naturally occurring personnel changes without significant disruption to our clients or our business. I expect this to be an orderly transition for clients," said Weil.

“I’m proud of the business I have built for Janus and what we as a team have accomplished over the past 15 years,” said Gibson Smith, Janus Fundamental Fixed Income CIO. “I am most proud of the results that have been achieved across our mandates through various markets. We have built a team of more than 35 investment professionals with a culture around an unwavering commitment to our clients. I am confident that the existing philosophy, process and team approach we have employed over the past 15 years will continue to produce excellent results for our clients at Janus. I am very grateful and appreciative to the clients who have entrusted their assets to us to manage over the years. In addition, I am fortunate to have a great team that has been a second family to me. Lastly, I want to thank Janus for everything the company has done for me and my family.”

“We have an outstanding investment team focused on delivering superior risk-adjusted returns for our clients. Our bench strength is deep and we are able to promote from within to address the future needs of the business. I am excited about the quality and commitment of the investment team and confident that we will continue to meet our client promise,” said Enrique Chang.