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UK: Janus Henderson $331 billion mega-merger completed

 |  May 30, 2017

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

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    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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