Janus Henderson has announced succession plans for its Global Bond team due to the departure of Nick Maroutsos, Head of Global Bonds and Co-Portfolio Manager of the Absolute Return Income and Global Multi-Sector Fixed Income related strategies. In a press release, the asset manager has revealed that he will be leaving the firm next October “to take a career break”.
As part of its succession planning, during the next six months, Maroutsos will work closely with the global bonds team “to ensure a smooth transition and handover of responsibilities“.
Effective October 1, 2021, the team will be left under the leadership of Jim Cielinski, Global Head of Fixed Income. The firm has highlighted that the following portfolio managers will continue to work in their current roles and will maintain the investment processes that have been “so impactful” for their clients to date. In this sense, Jason England and Daniel Siluk will remain co-portfolio managers on the Janus Henderson Absolute Return Income strategy and related funds. Also Andrew Mulliner, currently Head of Global Aggregate, will continue to serve in this role and oversee the multi-sector global bond portfolio strategies.
“While my decision to take a career break is bittersweet, I have the utmost confidence in the team and their investment process. Having worked closely with the team for many years, I have no doubt their talent and unwavering dedication to serving our clients will position them to generate solid returns. I thank the team and senior management for their trust over the past 15 years and will miss their professionalism and friendship”, Maroutsos said.
Meanwhile, Cielinski commented that their client commitment “has always been and will continue to be to seek to deliver dependable investment outcomes” to support their clients in achieving their long-term financial goals: “As a firm, we take a collaborative team-based approach focused on growing talent from within the teams, which allows for robust succession planning and a seamless transition for clients when we have personnel changes”.
He also thanked Maroutsos for his contribution to Janus Henderson, his “unwavering commitment” to clients, and his involvement “in developing the next generation of investors”. “Our dedicated Absolute Return Income team consists of thirteen people, of which Nick is one, split across the US and Australia. Given the lengthy transition period, and the breadth and depth of the experienced team, we are confident that this will be a smooth transition for our clients. Our global bonds effort has been and remains a strategic priority for the firm, and we will continue to invest in our team”, he concluded.
Janus Henderson’s Global Bonds team is built on collaboration across multiple geographies and anticipates no disruption to its cohesive global approach. Further it ensures global coverage across all major markets allowing for broader, more open collaboration, and increased idea exchange.
For Meritxell Sedo