Janus to merge with British firm to create asset management behemoth

DENVER BUSINESS JOURNAL - 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

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