Dominic Martellaro, who oversees distribution of Janus Capital Group's products sold through intermediaries, is leaving the firm effective October 31. Robin Beery will take over his duties in addition to her current role as executive vice president and chief marketing officer.

Dominic Martellaro Janus Executive Vice President

Martellaro is the latest high-level executive to exit the Denver fund firm. CEO Gary Black resigned July 13 and as reported by The MFWire two weeks ago, Janus treasurer Scott Grace is set to leave next month.

In a news release issued Friday morning, Martellaro, who will stay on as consultant through February 2010, said he wanted to "take some personal time away from work and travel."

Robin Beery Janus Executive Vice President

Martellaro also runs international sales through Janus Capital International. Those duties will be assumed by Dan Charles, executive vice president, managing director of Janus' U.S. institutional business.

Before joining Janus in August 2004, Martellaro was a partner at alternative investment manager FrontPoint Partners. Prior to that, he spent seven years as managing director at Van Kampen Investments. He had also worked at SEI Investment Management.

For her part, Beery, a Kemper Financial and American Century alum, has been with Janus since 1994. She is a member of Janus' executive committee and also serves as president of president to the Janus funds and member of the board of directors of Janus subsidiaries Intech and Perkins Investment Management, LLC.

Charles joined Janus in 2005. He is also a member of Janus' executive committee and Intech's board of directors. He earlier worked at Bank of America, ING and Aetna Financial Services.

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Company Press Release

DENVER--(BUSINESS WIRE)--Janus Capital Group Inc. (NYSE: JNS) today announced that Dominic Martellaro, executive vice president and managing director of Janus Global Advisors, will step down from his position effective October 31, 2009. To help ensure smooth succession and continuity in service to clients, Martellaro will remain as a consultant until February 2010. Martellaro, who oversees distribution of the firm’s products sold through financial intermediaries and international sales through subsidiary Janus Capital International, will transition his responsibilities to fellow distribution executives Robin Beery and Dan Charles.

Robin Beery, executive vice president and chief marketing officer, will assume responsibility for Janus’ U.S. intermediary business, which includes products distributed through financial advisors, financial intermediaries, insurance companies and retirement platform channels. She will continue to oversee the firm’s corporate marketing and communications efforts and product strategy. Dan Charles, executive vice president and managing director of Janus’ U.S. institutional business, will assume responsibility for Janus Capital International, the firm’s non-U.S. distribution channel. In his role, Charles will have global responsibility for Janus’ institutional business including sales, client service and consultant relations, as well as the firm’s non-U.S. intermediary business through financial institutions.

Janus interim CEO Tim Armour noted that Martellaro has made significant contributions in establishing a presence for Janus in the advisor marketplace.

“Dominic’s leadership has been invaluable in helping the firm build a robust and successful advisory distribution business and expanding our non-U.S. efforts. We will miss his unbridled enthusiasm and we wish him well in the next chapter of his life,” said Armour.

“Janus Capital Group is a world-class organization. During my time here, I’ve not only had the privilege to work with incredibly talented people on the distribution front, but exceptional asset managers in Janus, INTECH and Perkins. The combination of talented people and strong long-term relative performance is undoubtedly what allowed us to successfully build a presence for Janus across our distribution channels,” said Martellaro. “Although I’ll miss my colleagues, after nearly three decades in the industry, I want to take some personal time away from work and travel.”

Beery is a member of the firm’s executive committee. She also serves as president to the Janus funds, a role in which she serves as the business liaison between Janus and the fund trustees, and a member of the board of directors of INTECH and Perkins Investment Management, LLC. Beery joined Janus in 1994 and has held a variety of leadership positions within the distribution organization, including overseeing the firm’s retail business, marketing and product divisions and corporate strategy. During the last five years, she has partnered with Martellaro on all aspects of the U.S. intermediary business.

Prior to joining Janus, Beery worked in the distribution organizations of Kemper Financial and American Century Investments. She has more than 19 years of industry experience.

Charles is also a member of the firm’s executive committee and sits of the board of directors of INTECH. Joining Janus in 2005, he has overseen the firm’s U.S. institutional business including sales, client service and consultant relations since 2007.

Prior to joining Janus, Charles served as national head of sales for Bank of America Institutional Investment Solutions serving retirement and non-profit market places. He also spent 13 years with ING and Aetna Financial Services overseeing their sales and client service operations in San Francisco, Chicago and New York. He has more than 21 years of industry experience.

“We remain steadfast in our commitment to being a premier partner to our intermediary and institutional clients. Given their breadth of experience and close collaboration with Dominic in building Janus’ distribution, I’m very confident that Robin and Dan will grow the firm and ensure that we continue providing quality investment products and superior service,” added Armour. “During their respective tenures with the firm, they’ve shown tremendous leadership and an unwavering commitment to the company, our clients and shareholders.”

About Janus Capital Group

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 risk-managed equities, fixed income and alternatives through one common distribution platform.

At the end of June 2009, JCG managed $132.6 billion in assets for shareholders, clients and institutions around the globe. Based in Denver, JCG also has offices in London, Tokyo, Hong Kong, Singapore, Milan, Melbourne and Munich.

 

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