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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData