Janus Capital Group Inc. said it's merging with a British company in a deal that will create an asset management behemoth.
Denver-based Janus (NYSE: JNS) said it will merge with Henderson Group plc to create a new company called Janus Henderson Global Investors plc, which will have its international headquarters in London, according to the New York Times.
"Janus brings a strong platform in the U.S. and Japanese markets, which is complemented by Henderson’s strength in the U.K. and European markets. The complementary nature of the two firms will facilitate a smooth integration and create an organization with an expanded client-facing team and product suite, greater financial strength, and enhanced talent, benefiting clients, shareholders and employees," Janus CEO Dick Weil said in a statement.
Weil will become co-CEO of the new company along with Henderson Group CEO Andrew Formica.
Read more at the Denver Business Journal: http://bit.ly/2dmL6Cq