Janus Henderson Investors close to lift-off
Henderson Group and Janus Capital have confirmed that Japan’s Dai-ichi Life will look to build its shareholding in the combined Janus Henderson Investors to at least 15 per cent.
In a merger update lodged with the Australian Securities Exchange (ASX) today, the two companies backed the transaction, with Janus chief executive, Dick Weil explaining that he saw one of Henderson’s strengths as being its expansion into both Australia and the US.
The transaction was announced in October, last year and is expected to close on 30 May, this year.
The update pointed out that the new listed entity, Janus Henderson Investors would be listed on both the ASX and the New York Stock Exchange, with Henderson holding around 57 per cent and Janus 47 per cent, but with Dai-ichi Life, as Janus’ largest shareholder, investing in the combined company to increase its ownership interest to at least 15 per cent.
The merger update said the integration team had now had nearly six months to prepare for close and that primary regulatory approvals had been obtained with the Janus Henderson Board and committee membership agreed.
Recommended for you
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
Responsible investment performance concerns have lessened as the market hits $1.6 trillion in AUM, according to RIAA’s annual report, but greenwashing fears among asset managers are on the rise.
