GLOBAL – Janus Capital has appointed its European institutional chief David Schofield as president of the new international division of its mathematical subsidiary INTECH.

The role is a new one at Enhanced Investment Technologies (INTECH), the Denver-based firm said.

INTECH currently has $6bn (€4.7bn) in assets under management with non-US clients, out of a total of $50bn.

Janus will be “looking to fill” Schofield’s European institutional role, a London-based spokesman said.

“The establishment of an international presence for INTECH builds on the momentum its strategies have had in Europe and Asia and provides local resources for investment expertise and client service,” Janus said.

Schofield will be based in London and report to INTECH chairman and chief executive Robert Garvy.

Garvy said: “David’s contribution to the growth of assets managed on behalf of European clients since 2003 has been critical.

“In his new role, working closely with Janus International, he will be instrumental in helping service and grow INTECH’s international relationships and help support further new product for non-US investors.”