Janus Capital Group has named a new executive vice president and chief operating officer, Reuters reports.
The firm named Girard Miller to the newly created position. Miller was previously president and CEO of ICMA Retirement Corp., a company that manages retirement plans for state and local governments. ICMA has since named Joan McCallen, executive vice president and COO, as acting CEO. A permanent successor is to be named soon.
A Janus spokeswoman also told Reuters that they were currently interviewing for the position of chief investment officer. This position might also serve as president of the firm, helping to represent Janus to the public. The CIO position will replace Helen Young, managing director of investments, who has announced her retirement but is staying on in the interim to help with the transition.
At the end of May, Janus had about $147.4 billion of assets under management. This
figure was up 4.2% from the end of April but down 16% from a year ago.
Janus, previously owned by Stillwell Financial, went public at the beginning of this year.