Janus Henderson chief executive, Dick Weil, will retire, effective 31 March, 2022, as the board commences an internal and external search for a successor.
To ensure a smooth transition, Weil would retire in March and serve as an adviser to the company up to 30 June, 2022.
The firm said Weil was instrumental in executing the merger of Janus Capital Group and Henderson Group to form Janus Henderson in 2017.
“He prioritised hiring top talent and reinvented, strengthened, and modernised Janus Henderson’s products and busines model, all with the purpose of delivering results for clients and long-term profit for shareholders,” it said.
“He implemented a company that has always put the client first, which values diversity and inclusion of thought, and has delivered long-term profit for shareholders.”
Richard Gillingwater, chair of the board of directors, thanked Weil for his service over a 12-year tenure with the company.
“As the leader of Janus Capital Group, Dick successfully executed the merger integration that has resulted in the Janus Henderson that we know today,” Gillingwater said.
Weil said it was a privilege to lead Janus Henderson and he was proud of his tenure with the company.
“With the company operating from a position of strength, I believe that now is the right time to begin the search for a new CEO who will continue the journey of growth that the firm is on,” Weil said.