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American Century CIO Resigns to Take Same Role at Janus

Enrique Chang becomes a co-CIO at Janus, replacing Jonathan Coleman, who will focus on managing Janus Fund. American Century's new CIO search starts immediately.

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American Century announced Monday that CIO Enrique Chang has resigned, effective last Friday, April 5. The firm's CEO, Jonathan Thomas, told Morningstar that the search for a new CIO begins immediately and will include both internal and external candidates. He said there is no specific time frame to bring in the replacement, and that Chang will remain available for consultation for several months. In the interim, the six investment personnel charged with overseeing separate areas at American Century in the role of CIO of their sector--such as fixed income or value equity--will remain in those roles and report directly to Thomas.

Chang has been CIO at American Century since 2007. Although in his first few years there was a significant amount of turnover among portfolio managers and sector CIOs, recent years have seen more stability in that regard, as well as more discipline in the various investment approaches.

Gregg Wolper does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.