DENVER, April 17, 2013 (GLOBE NEWSWIRE) -- Janus Capital Group Inc. (NYSE:JNS) today announced the appointment of Michael Stern as Regional Sales Director. In his new role, Stern will spearhead the expansion of Janus' intermediary distribution and sales in New York City. "We are very pleased to have attracted a sales professional with Michael's broad experience, track record of success and longstanding relationships to help build Janus' distribution in the all-important New York region," said John Ingram, SVP Advisor Solutions Group Sales at Janus. A veteran of more than 20 years in financial services sales and sales management, Stern was most recently a Market Director in the Chase Wealth Management group at JP Morgan Chase. Prior to that, he served as National Sales Manager at New York Life Mainstay, where he directed a team recommending mutual funds, separately managed accounts and annuity solutions to financial advisors at wirehouses and regional broker-dealers. Earlier still, he held senior sales management positions at Citi Smith Barney's Mutual Fund & Annuity Group and Morgan Stanley Smith Barney's Investment Products business unit. Stern began his career as a financial advisor and, later, a branch sales manager at Smith Barney in Melville, NY. He earned his B.A. from Lynchburg College in Lynchburg, VA. "The depth of Janus' commitment to distribution through financial advisors, and to delivering better client outcomes, is truly impressive," Stern said. "I look forward to helping advisors better understand Janus' evolution, the breadth of Janus products available today—including lower-beta solutions—and how they can best be utilized to address clients' needs and concerns." About Janus Capital Group Inc. Janus Capital Group Inc. (JCG) is a global investment firm offering strategies from three individual investment boutiques: Janus Capital Management LLC (Janus), INTECH Investment Management LLC (INTECH) and Perkins Investment Management LLC (Perkins). Each manager employs a research-intensive approach that is distinct within its respective asset class. This multi-boutique approach enables the firm to provide style-specific expertise across an array of strategies, including growth, value and mathematical equities, fixed income and alternatives through one common distribution platform.