Mr Scheid, a former executive of the Charles Schwab Corporation, joined the Janus board as an independent director in December 2002 and was appointed chairman of the board in January.
As part of a new executive line-up, Janus has also appointed Gary Black as its new president and chief officer and Girard Miller as executive vice president and chief operating officer.
Neal Jenkins, a spokesman for Janus, said: “The time was right for Janus to have new leadership.”
UBS selects Sotorp for Americas slot
UBS has appointed Kai Sotorp, currently head of UBS Global Asset Management, Asia-Pacific, to the role of head of UBS Global Asset Management, Americas.
Mr Sotorp, who will be based in Chicago, joined UBS in January 2000 and was appointed head of Asia- Pacific in 2002.
Christof Kutscher will replace Mr Sotorp as head of UBS Global Asset Management, Asia-Pacific.
Dowds joins NTGI from Dryden Capital
Northern Trust Global Investments (NTGI) has appointed Stephen Dowds as head of international equities, based in London.
Mr Dowds will oversee the firm’s development of its non-US active equities business, which comprises more than $1bn in funds under management.
In addition to supporting the managers of NTGI’s existing mandates, he will be responsible for developing additional capabilities within NTGI’s active equity business.
He will report to Barry Sagraves, CEO of NTGI’s European business, and to Orie Dudley, NTGI’s global CIO in Chicago.
Mr Dowds joins NTGI from Dryden Capital Management, a division of Prudential-Bache International, where he was managing director and chief investment officer.
Ekvall switches to Carnegie from AP3
Sweden’s Third National Pension Fund, the SKr142.5bn (e16bn) AP3, has announced that its chief investment officer and deputy chief executive, Niklas Ekvall, is leaving to join Carnegie as head of asset management.
Mr Ekvall, who has been deputy CEO at AP3 for five years, will take up his new appointment in August.
AP3 has also appointed chief operating officer, Sven Askenberger, as acting CEO following the departure of CEO Tomas Nicolin.
Local government expert joins Hermes
Hermes Pensions Management has appointed Keith Bray as its adviser on UK local authority pensions.
Mr Bray’s role will involve advising on local government pension issues and the company’s relations with the local government schemes throughout the UK.
