Janus Capital Group announced Thursday it hired Edward DeMarino as vice president and director of financial institutions.

DeMarino is responsible for the sales and servicing of certain insurance and asset management accounts on the East Coast. He will report to Chris Furman, a vice president and managing director of financial institutions.

DeMarino spent five years as a vice president with Fidelity Investments’ institutional insurance group, where he was responsible for gathering assets with insurance company clients through placements in variable annuity and 401(k) products. He has 16 years of experience in the financial services industry, including more than 11 years with MFS Institutional Advisors and MFS Fund Distributors.

Janus, which is based in Denver, is a global investment firm offering strategies with $160.8 billion in assets under management as of Sept. 330.