Carew to depart JANA

JANA chief investment officer Steven Carew is set to depart at the end of the year.

JANA chief executive Jim Lamborn reflected on the contribution's Carew has made to JANA during his two decades with the organisations. "Steven's strong intellect, passion for financial markets and relentless commitment to delivering great client outcomes has seen him build a strong and inspired team here at JANA.

"Through his never-ending curiosity for the next innovative idea to support clients, as our Chief Investment Officer, he has further fostered a culture of enquiry and rigour within the business that has seen JANA grow from strength to strength.

"He will be sorely missed, but he leaves behind a long-lasting legacy that will deliver benefits for JANA's customers now and into the future."

Carew, who was named chief investment officer three years ago, will stay on the firm through December 2021.

"Over the past three years, JANA has been on a journey that has seen us examine our processes and focus on new and better ways to build on our already market-leading insights," said Lamborn. "As an organisation, we look forward to working with our customers and our teams to examine and explore new models for delivering value to our clients."

Carew says he plans to take a year sabbatical before looking for new opportunities.