Janus Henderson’s head of credit Stephen Thariyan will leave the firm in early 2018, against the backdrop of wider changes to the company’s fixed income operations.
His departure coincides with Jim Cielinski being hired from Columbia Threadneedle to serve as global head of fixed income. Cielinski will formally join on 1 November.
A spokesperson for Janus Henderson confirmed Thariyan would be stepping down in March 2018 amid a restructuring of bond operations brought on by the merger of the two firms.
Thariyan has spent just over 10 years with the group, having joined from Rogge Partners to run the credit desk in 2007.
During his tenure, Thariyan has been a named manager across a range of bond portfolios, including the Henderson Credit Alpha fund, the Henderson HF Euro High Yield Bond and Henderson HF Euro Corporate Bond funds.
Following Thariyan’s departure, the $2.8 billion Henderson HF Euro Corporate Bond fund will be overseen by existing manager Tom Ross and co-manager Tim Winstone. Ross, along with Tom Hanson, will be responsible for the $285 million Henderson HF Euro High Yield Bond fund.
Ross and Hanson will also remain on the Henderson Credit Alpha fund, which Thariyan and Ross have run since 2007 alongside Chris Bullock, who left in 2013.