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UK: Henderson chief exec shrugs off Brexit concerns after £2.01 billion merger

By  |  October 13, 2016

Henderson Group chief executive Andrew Formica has shrugged off concerns about Brexit and Donald Trump as he sells a multi-billion-dollar merger with the US funds management giant Janus to investors.

Speaking in Sydney, Mr Formica told The World Today he is more concerned about tighter regulation of funds in the wake of the global financial crisis than he is about Britain leaving the European Union, the rise of Donald Trump and the falling British pound.

The merger, which is subject to investor and regulatory approval, will create a $US6 billion company and, between them, Henderson and Janus will have $US320 billion of assets under management.

“The discussion on Brexit is not really relevant to this deal in the sense that conversations started back in February and carried on prior to the vote,” Mr Formica said.

“They weren’t influenced by Brexit, they weren’t accelerated or decelerated by Brexit,” he said.

Full Content: ABC

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