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

Company Release - 12/2/2015 8:00 AM ET

– Darrell Watters to be promoted to Head of U.S. Domestic Fundamental Fixed Income –
– Chris Diaz to be promoted to Head of Global Fundamental Fixed Income –
– Enrique Chang to expand role and become Head of Investments –

DENVER--(BUSINESS WIRE)-- Janus Capital Group, Inc. (NYSE: JNS) today announced that Janus Fundamental Fixed Income CIO Gibson Smith has decided to leave Janus on March 31, 2016, to step back from the business and spend more time with his family. 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 on the Janus Flexible Bond Fund, Janus Global Bond Fund, Janus High-Yield Fund, Janus Real Return Fund and Janus Short-Term Bond Fund. 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 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.

About Janus Capital Group, Inc.

Janus Capital Group Inc. ("JCG") is a global investment firm dedicated to delivering better outcomes for clients through a broad range of actively managed investment solutions, including fixed income, equity, alternative and multi-asset class strategies. It does so through a number of distinct investment platforms, including investment teams within Janus Capital Management LLC ("Janus"), as well as INTECH Investment Management LLC ("INTECH") and Perkins Investment Management LLC ("Perkins"), in addition to a suite of exchange-traded products under VelocityShares. Each team brings distinct asset class expertise, perspective, style-specific experience and a disciplined approach to risk. Investment strategies are offered through open-end funds domiciled in both the U.S. and offshore, as well as through separately managed accounts, collective investment trusts and exchange-traded products. At the end of September 2015, JCG's complex-wide assets totaled approximately $185.0 billion for shareholders, clients and institutions around the globe. Based in Denver, Colorado, JCG also has offices in London, Milan, Singapore, Hong Kong, Tokyo, Melbourne, Sydney, Paris, The Hague, Zurich, Frankfurt, Dubai and Taipei.

Investing involves risk, including the possible loss of principal and fluctuation of value. Foreign securities are subject to additional risks including currency fluctuations, political and economic uncertainty, increased volatility, lower liquidity and differing financial and information reporting standards, all of which are magnified in emerging markets. There is no assurance that the investment process will consistently lead to successful investing. This material must be preceded by or accompanied with a prospectus.

Certain statements in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans,” “may increase,” “may fluctuate,” “forecast” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts. Any statements that refer to expectations or other characterizations of future events, circumstances or results are forward-looking statements. These statements are based on the beliefs and assumptions of Company management based on information currently available to management.

Various risks, uncertainties, assumptions and factors that could cause future results to differ materially from those expressed by the forward-looking statements included in this press release include, but are not limited to, risks specified in the Company's Annual Report on Form 10-K for the year ended December 31, 2014, included under headings such as “Risk Factors” and “Management's Discussion and Analysis of Financial Condition and Results of Operations” and in other filings and furnishings made by the Company with the SEC from time to time. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this press release may not occur. Many of these factors are beyond the control of the Company and its management. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release. Except for the Company's ongoing obligations to disclose material information under the applicable securities law and stock exchange rules, the Company undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events.

C-1215-105226 12-30-17

Janus Capital Group, Inc.
Media Contact:
Erin Passan, 303-394-7681
[email protected]
or
Investor Contact:
John Groneman, 303-336-7466
[email protected]

Source: Janus Capital Group, Inc.