A PYMNTS Company

UK: Janus Henderson $331 billion mega-merger completed

By  |  May 30, 2017

The merger Henderson Group and Janus Capital Group has completed seven months after it was first announced.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The combined entity, called Janus Henderson, has delisted from the London Stock Exchange and will continue to trade on the New York and Australian markets.

    Described as a ‘merger of equals’, the London-headquartered business creates a company with around $331 billion (£257 billion) in assets under management. It is expected to deliver $110 million in cost synergies.

    As announced on 20 March – when the line-up of the board was finalised – Janus chief executive Dick Weil and Henderson boss Andrew Formica (pictured) become co-CEOs for the company, which has a combined market capitalisation of $6 billion.

    Full Content: Fund Strategy

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.