David Hurley, chief operating officer at Janus' Intech subsidiary will retire from the firm effective December 31. Hurley has been with the firm since its founding 21 years ago.

Palm Beach Gardens, Florida-based Intech does not plan to appoint a new COO. Hurley's duties will be split among three executives: Justin Wright, vice president and general counsel; Lance Campbell, vice president and chief financial officer; and Scott Marinko, senior vice president of operations.

Hurley will remain a consultant to the firm.

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Company Press Release

Enhanced Investment Technologies LLC (INTECH) today announced that after more than two decades with the firm, Chief Operating Officer David E. Hurley has decided to retire effective December 31, 2008. Mr. Hurley, who has been with the firm since its founding in 1987, has played an integral role in the success of the firm.

In announcing Mr. Hurley's retirement, Chairman and CEO of INTECH Mr. Robert A. Garvy remarked that, "Dave has been a key contributor to INTECH’s founding and success over the past 21 years. I am pleased to extend INTECH’s best wishes on a well-deserved retirement. He will be missed."

As COO, throughout the years, Mr. Hurley has been responsible for day-to-day coordination of INTECH’s operations, trading, human resources and risk-management functions. These responsibilities have been assumed by members of INTECH’s senior management team, including Justin Wright, Vice President, General Counsel; Lance Campbell, CFA, Vice President, Chief Financial Officer; and Scott Marinko, Senior Vice President, Operations. Most recently, Mr. Hurley was responsible for overseeing the construction of INTECH’s new global headquarters at CityPlace Tower in West Palm Beach, Florida. The firm’s relocation is expected to be completed in November.

In discussing his retirement, Mr. Hurley reflected on the successful growth of INTECH during his tenure with the institutional money manager. He noted that, "When I joined INTECH in 1987, we had four employees and managed $50 million. Today, we have 81 employees around the globe and manage $55.6 billion (as of September 30, 2008) on behalf of institutional investors worldwide. I am so proud to have been a part of INTECH’s growth into a leader among asset management firms both in the U.S. and around the world."

To help ensure a smooth transition of his responsibilities, Mr. Hurley will remain as a consultant to INTECH following his retirement.

About INTECH

Headed by Chief Executive Officer Robert A. Garvy, INTECH was founded in 1987 following research undertaken by Dr. E. Robert Fernholz, the company’s Chief Investment Officer, and the publication of his paper, in 1982, on mathematical investment processes titled, “Stochastic Portfolio Theory and Stock Market Equilibrium.” The company’s global headquarters is located in Palm Beach Gardens, Florida and has offices in Princeton, New Jersey and London, England. As of September 30, 2008, INTECH had approximately $55.6 billion under management and 81 employees.

 

Edited by: Armie Margaret Lee


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