Money Managers

Janus Henderson bolsters European equities team

Andrew McCarthy will join Janus Henderson Investors' European equities team as fund manager, said a spokeswoman.

The role is new; Mr. McCarthy will start July 9 and work as co-manager on the 274.1 billion ($384 billion) manager's European long-only strategies. He will be based in London.

Mr. McCarthy was a portfolio manager specializing in the industrial and consumer sectors at USS Investment Management, said a Janus Henderson news release. Details on any replacement were not available by press time.

Separately, Janus Henderson's middle- and back-office operations in the U.S. were transferred to BNP Paribas Securities Services, said the custodian in a news release Tuesday.

The transaction, announced in November, forms part of BNP Paribas' 10-year strategic expansion of its securities services business in the U.S. It gives the bank a U.S. mutual fund administration and accounting platform. As part of the agreement BNP Paribas becomes the fund services provider for Janus Henderson's U.S.-regulated mutual funds, which represent $138 billion in assets.

More than 100 Denver-based Janus Henderson employees are transferring to BNP Paribas.