Janus Henderson Investors’ director of European equities, John Bennett, is to retire from the industry in August 2024.
The firm said that Bennett, who is a manager on the Janus Henderson Continental European and pan-European long-only and long/short strategies, is to bow out after a career spanning four decades.
From this time next year, Bennett intends to focus on overseeing the running of Rangers Football Club as chairman. He is a lifelong supporter of the Glasgow team.
The company said it has a ‘robust’ succession plan in place, with Robert Schramm-Fuchs remaining with the firm and becoming the primary portfolio manager on the pan-European team’s large-cap long/short strategies.
He has been with the the asset manager since 2014 and has worked closely with Bennett for the last nine years.
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Schramm-Fuchs will also assume responsibility for the European Focus Fund, alongside Marc Schartz.
Tom O’Hara and Tom Lemaigre, who have been working with Bennett for the last five years, will assume primary portfolio management responsibilities on the pan-European team’s long-only strategies, that they currently co-manage with him.
O’Hara has 17 years experience and has co-managed these strategies with Bennett since 2020. He is also co-manager with Bennett of the Henderson European Focus Trust.
Lemaigre has nine years experience and was appointed a portfolio manager on these strategies in February 2022.
Bennett said: “This is the best European equities team I have had the pleasure to work in. Together we have built a really strong culture of success and I have every confidence that this team will continue to deliver for our clients”.
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Chief executive Ali Dibadj commented: “John Bennett is a valued member of the Janus Henderson investment team and has helped shape the culture of the firm over the past 12 years. Over a long career in financial services, John has built a reputation for making the right decision at the right time and buying stocks when others feared to invest.
“He has made many important contributions to Janus Henderson and our clients both as a portfolio manager and senior leader. We wish him well in his retirement from the industry and as chairman of Rangers Football Club. We hope John’s talents bring as much success to the fans of the club as he has to the clients of Janus Henderson.”
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