Ex-Janus Henderson analyst jailed in UK for six years for insider dealing

Former Janus Henderson Analyst Sentenced to Six Years for Insider Trading

LONDON (Reuters) -A former Janus Henderson analyst was sentenced to six years in prison on Friday for using confidential information on companies, including Daimler, Jet2 and THG to make nearly 1 million pounds ($1.4 million) following a London court trial.

Redinel Korfuzi, 38, used information he accessed through his job as a research analyst at the asset manager to place bets alongside his sister Oerta Korfuzi, 36.

The siblings pleaded not guilty to charges of conspiracy to commit insider dealing and money laundering between January 2019 and March 2021, but were convicted last month after a trial at Southwark Crown Court.

Judge Alexander Milne sentenced Redinel Korfuzi to six years in jail and Oerta Korfuzi, who had an investment and finance qualification, to five years, saying the pair were "intelligent and financially aware individuals" whose actions were a "betrayal of trust".

Janus Henderson, which manages roughly $380 billion in assets, was not involved in the criminal case or accused of any wrongdoing.

A spokesperson said when the Korfuzis were convicted: "The protection of confidential information is extremely important to Janus Henderson and the firm treats any actual or suspected misuse of confidential information with the utmost seriousness."

Prosecutor Tom Forster told jurors at the start of the trial in February that Redinel and Oerta Korfuzi used lockdown restrictions imposed from March 2020 to carry out the conspiracy from the London flat they shared.

Forster added that the defendants made a profit of around 963,000 pounds in relation to 11 companies' shares in just over six months.

The Financial Conduct Authority previously said Janus Henderson had cooperated fully with its investigation.

(Reporting by Sam Tobin; editing by Barbara Lewis)