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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.

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.

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