Henderson Global Investors has cancelled its listing on the London Stock Exchange as its merger with Janus completes.
Janus Henderson, which will be the name of the merged firm, will now list its shares on the New York Stock Exchange. Henderson’s securities will continue to trade on the Australian Securities Exchange.
The firm, which has a total market capitalisation of $6 billion, will be headquartered in London and will keep the United States office of Janus in Denver.
In October, Henderson and Janus announced they were to merge to create a company with $320bn assets under management. The firm expects pre-tax net cost synergies of at least $110million.
New Board Confirmed
«At our core, Janus Henderson is focused on delivering for our clients. Our work together since announcement has reinforced our shared culture and aligned business goals. The breadth and depth of investment professionals and the broad array of talented colleagues gives us an enviable position to meet our clients’ needs,» said Andrew Formica, Janus Henderson’s co-chief executive officer.
The firm has also confirmed the board will be made of 12 directors with Henderson’s chairman Richard Gillingwater as chairman of the new firm. Glenn Schafer, chairman at Janus, will be Gillingwater’s deputy.
The Asian Angle
Head of Pan-Asia at Janus Henderson Investors Rob Adams, believes Asia represents a strong growth opportunity for Janus Henderson Global Investors, particularly in Australia, and in Japan where the firm's partner is Dai-ichi Life.
«Compared to the rest of the world, we anticipate this region to grow at a faster rate, and we are keen to tap into this. At Janus Henderson today we are responsible for $52.9 billion assets under management across the Pan Asia region, representing 16 percent of the Group’s assets under management. We are hoping to increase this materially over the next few years and beyond,» said Adams.
