Executive Move- Janus Places EVP on Leave Amid Market-Timing Probe
April 12, 2004
Lars Soderberg, executive vice president of institutional services and member of the management committee at Janus Capital, has agreed to take a leave of absence from the company. In the mean time, Janus said, it "will continue to evaluate Soderberg's future role with the company, in light of the ongoing investigation of the mutual fund industry and related regulatory matters."
Despite its admission that his leave of absence is related to the scandal, Janus maintained that the move is unrelated to the "smoking gun" memo about a market-timing study commissioned by CEO Mark Whiston.
Soderberg's responsibilities at Janus included the oversight of all institutional investor sales.
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