Janus Chief Operating Officer Girard Miller will resign as of Jan. 3, Janus announced yesterday, but even so, Chief Financial Officer David Martin will handle most of Miller's responsibilities over the next several months.

Janus spokeswoman Shelley Peterson told MarketWatch.com Miller is leaving due to cost-savings restructuring, although his departure is the second high-level defection in the past two months. Loren Starr resigned in June as chief financial officer, at which time Martin, who hailed from Charles Schwab, was named his successor.

President and Chief Investment Officer Gary Black will continue in his role, Peterson noted.

The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.

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