Janus Capital Group Inc., owner of the Janus, Intech and Perkins funds, promoted Bruce Koepfgen to president effective Aug. 1 and named Jennifer J. McPeek, the company’s treasurer, to replace him a chief financial officer.
Koepfgen, a former chief executive officer of Allianz SE’s Oppenheimer Capital unit hired by Janus in June 2011, will focus on business leadership, the Denver-based firm said today in a statement.
Janus today reported a 32 percent decline in second-quarter net income to $15.8 million, or 8 cents a share, from $23.4 million, or 13 cents a share, a year earlier. Investors withdrew a net $5.4 billion, the 16th consecutive quarter of client redemptions. Earnings were reduced by 6 cents a share by costs associated with the early retirement of debt and the decline in value of seed capital.