At the Denver-based asset management company, Miller will be responsible for all day-to-day operations except its investment management subsidiaries and institutional sales department. His responsibilities will include finance, marketing, investor operations, information technology, legal, compliance, corporate affairs and governance and human resources, according to a news release.
The COO position is a newly created one for Janus, which went public at the beginning of this year. Previously it was owned by Stilwell Financial Inc.
Most recently, Miller was president and chief executive officer (CEO) of the ICMA Retirement Corp, an investment manager for state and local government retirement plans. ICMA has named Joan McCallen, its executive vice president and chief operations officer, as acting CEO until a permanent successor for Miller is named.
Meanwhile, Janus is also looking for a chief investment officer, after the departure of Helen Young Hays on June 16 (See Helen Young Hayes Leaving Janus ). The search is currently being conducted by CEO Mark Whiston and two Janus Capital Group board members: Jim Craig and Andrew Cox.
Janus had about $147.4 billion of assets under management at the end of May. While the figure was up 4.2% from the end of April, a year ago the figure stood at $176 billion under management. Janus has been hurt by sagging stock prices and investor withdrawals.