Janus Henderson Investors has announced its replacement for outgoing global head of fixed income Kumar Palghat.
Jim Cielinski will step into the role of global head of fixed income at Janus Henderson after four years in the same position at Columbia Threadneedle.
Before his time at Columbia Threadneedle, Mr Cielinski spent 12 years as managing director and head of credit at Goldman Sachs.
Mr Cielinski’s appointment comes after previous global head of fixed income Kumar Palghat stepped down in August, citing “personal reasons”.
“Given the significant travel required between Sydney, London and Denver, [Mr Palghat] decided it would be best for his family and him if he returned to his role within the Kapstream organisation in Australia,” a spokesperson for Janus Henderson said.
“The changes have no impact to the team’s investment philosophy, the way JHG conducts research or manages fixed income portfolios.”
With a combined 30 years of experience in investment management, Janus Henderson global chief investment officer Enrique Chang said he was excited to work alongside Mr Cielinski.
“The addition of Jim is a testament to Janus Henderson’s ability to attract a strong team of global investment professionals committed to delivering superior risk-adjusted returns for clients,” Mr Chang said.
Mr Cielinski will commence his new London-based role on the first day of November.