EXHIBIT 99.1
Media Contact: Kekst & Co. STILWELL
FINANCIAL INC.
Michael Herley (212-521-4897)
920 Main Street, 21st Floor
Kansas City, Missouri 64105
Investors Contact: NYSE Symbol: SV
Landon H. Rowland (816-218-2416)
Chairman, President and CEO
Douglas E. Pittman (816-218-2415) Release No. 2001-16 June 1, 2001
Manager of Investor Relations
{News Release}
STILWELL FINANCIAL INC. NAMES
CHIEF FINANCIAL OFFICER
- Assets Under Management Total $227 Billion As Of May 31, 2001 -
(Page 1)
Kansas City, Missouri
Stilwell Financial Inc. ("Stilwell" or the "Company"; NYSE: SV) today
announced that Daniel P. Connealy has joined the Company as Vice President and
Chief Financial Officer. Mr. Connealy recently retired as a partner with
PricewaterhouseCoopers LLC ("PwC"). During his more than 32 years with PwC, Mr.
Connealy focused on the financial services industry, specializing in service to
asset managers and related fund companies.
Landon H. Rowland, Stilwell's Chairman, President and Chief Executive
Officer, commented: "Dan brings to Stilwell excellent qualifications and
experience in the asset management industry. His familiarity with Stilwell and
its varied challenges and opportunities will contribute greatly in the
transition to his new role. He joins a Stilwell management team committed to
enhancing the Stilwell franchise and providing meaningful long-term shareholder
value."
ASSETS UNDER MANAGEMENT
Stilwell also reported that preliminary assets under management as of the
close of market on May 31, 2001 totaled approximately $227 billion. Preliminary
average assets under management for the two months ended May 31, 2001 totaled
approximately $224 billion. For the five months ended May 31, 2001, preliminary
average assets under management were approximately $238 billion.
Stilwell is a diversified, global financial services company with
operations through its subsidiaries and affiliates in North America, Europe and
Asia. The primary entities comprising Stilwell are Janus Capital Corporation, an
approximately 90.3% owned subsidiary; Berger LLC, of which Stilwell owns 100% of
the preferred limited liability company interests and approximately 88% of the
regular limited liability company interests; Nelson Money Managers Plc, an 80%
owned subsidiary; and DST Systems, Inc., an equity investment in which Stilwell
holds an approximate 33% interest.
* * * * * * * * * *
This press release includes statements concerning potential future events
involving the Company, which could materially differ from the events that
actually occur. The differences could be caused by a number of factors including
those factors identified in Stilwell's Registration Statement on Form 10 dated
June 15, 2000 and Stilwell's Annual Report on Form 10-K for the year ended
December 31, 2000, both on file with the Securities and Exchange Commission
(Commission file no. 001-15253). The Company will not update any forward-looking
statements in this press release to reflect future events or developments.
............. The End