Janus Capital Group Inc. (JNS) announced that it has appointed Richard Weil as chief executive officer and a member of the board of directors, effective February 1, 2010. Weil, who is 46, succeeds Janus Capital Group director Tim Armour who has served as interim chief executive officer since July 2009.
Prior to joining Janus, Weil spent 13 years with PIMCO where he most recently served as their global head of PIMCO Advisory, a member of PIMCO's executive committee, and a member of the board of trustees of the PIMCO Funds. Weil was PIMCO's chief operating officer between 2000 and 2009. In particular, Mr. Weil was directly responsible for non-investment functions at PIMCO. Before joining PIMCO in 1996, Weil was with Bankers Trust Global Asset Management and Simpson Thacher & Bartlett LLP in New York.
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