First key appointment ahead of Janus Henderson merger revealed

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The first key appointment ahead of the Janus Capital and Henderson Global Investors merger next year has been revealed, with Kumar Palghat set to become its global head of fixed income.

Palghat joined Janus Capital last summer, when he became co-manager alongside star manager Bill Gross on the Global Unconstrained Bond fund, but then went on to develop the asset manager’s first actively managed ETF bond fund.

Janus and Henderson announced earlier this month they would be creating a “truly global” asset manager in their merger, resulting in assets under management of $320bn.

Palghat joined Pimco, the company co-founded by Gross, in 1997, having started his career at the World Bank. He started his own business Australian-based Kapstream Capital in in 2006.

As part of the merger, Janus Henderson Global Investors will be delisted from the London Stock Exchange and will instead be listed in New York and Sydney.