Denver-based . announced Thursday that Bruce Koepfgen has been promoted to president, effective Aug. 1, and Jennifer McPeek, the company’s treasurer, will replace Koepfgen as chief financial officer.
Janus also 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.
Janus Capital Group is owner of the Janus, Intech and Perkins funds.
The company said investors withdrew a net $5.4 billion, the 16th consecutive quarter of net 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, Janus said.
Janus hired Koepfgen, a former chief executive of Allianz SE’s Oppenheimer Capital unit, in 2011. He will focus “on business leadership,” the company said in a statement.
In May, Janus Capital Group announced that fund managers Brian Schaub, Chad Meade and Ron Sachs were leaving the company.
