Amvescap PLC said Tuesday that it had hired a former Janus Capital Group executive to be its chief financial officer.
Loren M. Starr was appointed a senior vice president and the chief financial officer, succeeding as CFO James I. Robertson who remains at Amvescap as an executive vice president and member of its board of directors. Mr. Starr, 44, is to begin at the Atlanta investment management company a week from today.
He was a senior vice president and Janus' chief financial officer from 2001, when he joined from Putnam Investments, until this July, when he resigned amidst a corporate reshuffling at the Denver fund company.
Mr. Starr, who was succeeded at Janus by David Martin, left the company after other top executives were replaced in a revamping that began with the promotion in April 2004 of Steve Scheid to be chief executive officer and the hiring of Gary Black to be president. Janus had $18.56 billion of outflows last year and $9.24 billion this year through Aug. 31, according to Financial Research Corp.
Before Janus, Mr. Starr was head of corporate finance at Putnam beginning in 1998 and before that had worked at Lehman Brothers Inc. and Morgan Stanley & Co. Inc.
Amvescap, which has $375.4 billion of assets under management, is incorporated in London but run from Atlanta.
