As director of Janus' Global Broker Dealer Client Management Group, Baltimore will be responsible for further growing Janus' broker/dealer business, which is a key element of the Denver growth shop's push to expand its presence in the intermediary market. Janus has been growing its presence with some success recently in the intermediary market to enhance third-party sales, which would seem one logical way to polish its scandal-tarnished image among retail investors.
Baltimore, who will be based in the firm's New York office, will identify key opportunities in the brokerage industry, strengthen existing relationships and cultivate new ones, among other duties. He will report to Robert Watson, managing director of Janus' Global Client Management division.
Baltimore's experience also includes eight years with
Brisk inflows in recent quarters have pushed Janus' assets under management to more than $148.5 billion. At the height the bull market in 2000, it boasted $325 billion under management, but the tech crash and scandal took its toll and that number eventually dipped to just over $109 billion under management.
