Quant shop INTECH
has made some changes at the top.
The Janus Capital Group
subsidiary has promoted CIO Adrian Banner
to chief executive officer, after former CEO Jennifer Young
stepped down from the role.
Young will remain with INTECH as a consultant for up to two years, according to a Janus spokeswoman. Young was promoted
from president to co-CEO, alongside Robert Garvy
, in 2008, and named sole CEO in January 2012, according to the spokeswoman.
Banner has been with INTECH since 2003, and in 2008 he was named
co-CIO, sharing the title with Robert Fernholz
, and was named sole CIO in January of this year. He will continue to be the sole chief investment officer as well as CEO, according to the statement.
Along with this move, INTECH has shuffled other executives to new roles. Justin Wright
has added the title of chief administrative officer to his current role of general counsel and now he oversees all non-investment operations at the firm. head of global client development John Brown
will manage client and consultant relations. David Schofield
will continue in his role of president of INTECH's international operations and Lance Campbell
will remainin his role as CFO.
INTECH is an independently managed Janus subsidiary headquartered in West Palm Beach, Florida, specializing in quantitate strategies, with approximately $41.9 billion under management.
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