Janus Capital has selected Richard M. Weil, the former chief operating officer of PIMCO, as chief executive officer.

“Dick was PIMCO’s chief operating officer for nine incredibly successful years,” said Janus Chairman Steve Scheid. “His accomplishments include leading the development of their global business and founding their German business. He is a proven leader with a strong vision for what makes a company and its people successful. The breadth of his leadership experience, deep understanding of the investment industry and global perspective were all factors behind the board’s decision.”

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