View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
November 10, 2017

BNP Paribas to take over Janus Henderson’ US back and middle office functions

BNP Paribas Securities Services will take over Janus Henderson Investors’ back office (including fund administration and fund accounting), middle office and custody functions in the US.

The deal, expected to be completed in March 2018, is valued at around $36m.

Over 100 US-based Janus Henderson staff offering middle and back office functions will join BNP Paribas as part of the deal.

Janus Henderson, which already has a partnership with BNP Paribas outside of the US, said that its latest move will help it reduce administration fees and expenses.

BNP Paribas is also planning to expand its Denver footprint, where one of its fund servicing hubs will be located.

BNP Paribas Securities Services CEO Patrick Colle said: “We are delighted to further broaden our long-time partnership with Janus Henderson. This is a transformational opportunity for both our U.S. platform and our global funds business. We are now able to offer a complete multi-asset class, middle-to-back office solution, covering all major markets in the world, including the U.S.”

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to Private Banker International