Asset managers Henderson Group and Janus Capital Group have unanimously agreed to an all-stock merger of equals. The new combined entity will be named Janus Henderson Global Investors.
The unique merger is currently expected to close in the second quarter of 2017, subject to all requisite shareholder and regulatory approvals.
Dual CEO's to Lead Integration
The new united group of, Janus Henderson Global Investors is expected to be a leading global active asset manager with AUM of more than $320 billion and a combined market capitalisation of approximately $6 billion and greatly expand their distribution capabilities and reach.
Andrew Formica the Chief Executive of Henderson Group and Dick Weil Chief Executive Officer of Janus Group will lead the integration of Janus Henderson Global Investors together.
Janus’ largest shareholder, Dai-ichi Life (Dai-ichi), has committed to supporting the merger and intends to extend its strategic partnership to the combined group. The merger is currently expected to close in the second quarter of 2017, subject to requisite shareholder and regulatory approvals.
