Investment management firms Janus Capital and Henderson Group have completed their merger, creating a global active asset manager with around $331bn in assets.
The new entity will be known as Janus Henderson Group, and will be jointly headed by Henderson CEO Andrew Formica and Janus CEO Dick Weil. The merger was announced in October 2016.
It has delisted from the London Stock Exchange and will continue trading on the New York Stock Exchange and Australian Securities Exchange.
The new group will be headquartered in London and have a market capitalisation of around $6bn. Henderson shareholders will own 57%, while Janus shareholders will own 43% of the combined company.
Henderson global head of distribution Phil Wagstaff and CFO Roger Thompson will continue in the same roles.
“The combined firm, Janus Henderson, creates a truly global active asset manager that is well-positioned to succeed in the investment marketplace, with expanded product suites, greater financial strength and better talent, benefiting our clients, shareholders and employees,” Weil stated.