Richard Weil just hired someone for a brand new, top-level investing job.
Today the Janus [profile] CEO revealed that Enrique Chang will join the Denver-based mutual fund shop in September as its first chief investment officer of equities and asset allocation, reporting directly to Weil.
Equity investment team chief Jonathan Coleman will become head of growth equities and focus solely on PMing.
Chang spent the past six years as chief investment officer at American Century. He stepped down on Friday. He also served as president and chief investment officer for Munder and worked at Vantage Global Advisors, Seligman and General Reinsurance Corporation.
Company Press Release
April 9, 2013
JANUS APPOINTS ENRIQUE CHANG TO NEW INVESTMENT ROLE Chang Named Chief Investment Officer of Equities and Asset Allocation
DENVER – Janus Capital Group Inc. (NYSE: JNS) today announced the appointment of Enrique Chang, 50, as Chief Investment Officer (CIO) of Equities and Asset Allocation. In this new role for the firm, Chang will oversee Janus’ equity, risk management and alternatives teams and will partner with Janus' leadership to develop multi-strategy portfolio solutions to serve clients' evolving needs. Chang will assume the management of the equity investment team, a role currently held by Jonathan Coleman. At Coleman’s request, he will focus solely on portfolio management; he has been named Head of Growth Equities. Chang, who will join Janus in September following a garden leave, will report to Chief Executive Officer Richard Weil.
“Enrique has a proven track record of working collaboratively with investment teams to ensure that portfolio solutions are anticipating clients’ needs,” said Weil. “He will provide the support necessary for Jonathan to concentrate on investing and maintain the continuity of Janus’ investment philosophy and process within our growth equity franchise.”
“Janus has a strong team and I look forward to drawing on my experience to support the equity team and identify opportunities for creative solutions that leverage Janus’ expertise across investment disciplines,” Chang said.
For the last six years, Chang was chief investment officer and executive vice president at American Century Investments and a member of the American Century Companies, Inc. Board of Directors. He joined American Century in 2006 and was named CIO in January 2007. Chang was responsible for a team of more than 150 investment professionals including portfolio managers, analysts and traders across all investment sectors. He led the company’s Asset Allocation Committee and Investment Management Senior Leadership Team.
Previously, Chang was president and chief investment officer for Munder Capital Management. He also held senior investment management positions at Vantage Global Advisors, J&W Seligman and Co., and General Reinsurance Corporation. Chang received a bachelor’s degree in mathematics from Fairleigh Dickinson University and master’s degrees in finance/quantitative analysis, statistics and operations research from New York University.
About Janus Capital Group Inc.
Janus Capital Group Inc. (JCG) is a global investment firm offering strategies from three individual investment boutiques: Janus Capital Management LLC (Janus), INTECH Investment Management LLC (INTECH) and Perkins Investment Management LLC (Perkins). Each manager employs a research-intensive approach that is distinct within its respective asset class. This multi-boutique approach enables the firm to provide style-specific expertise across an array of strategies, including growth, value and mathematical equities, fixed income and alternatives through one common distribution platform.
At the end of December 2012, JCG managed approximately $157 billion in assets for shareholders, clients and institutions around the globe. Based in Denver, JCG also has offices in London, Milan, Munich, Singapore, Hong Kong, Tokyo, Melbourne, Paris, The Hague, Zurich, Frankfurt, Dubai and Taipei.