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Henderson and Janus reveal board structure post-merger


Henderson Global Investors has revealed the structure of the 12-strong board which will run the firm following the merger with Janus Capital Group.

In October, Henderson and US-based Janus announced they were to merge to create a company with $320bn assets under management.

Henderson chairman Richard Gillingwater will chair the board following the merger, which is expected to complete in May. Janus chair Glenn Schafer will be deputy chairman.

Henderson’s Roger Thompson and Phil Wagstaff, the chief financial officer and global head of distribution for the combined group, will step down from the board but will still be part of the executive committee.

Non-executive directors Timothy How and Robert Jeens will retire from the Henderson group board.

Other members of the Janus board of directors – Jeffrey Diermeier, Eugene Flood Jr, Lawrence Kochard and Tatsusaburo Yamamoto – will be part of the new board.

Janus chief executive Richard Weil and Henderson head Andrew Formica, who will also join the board, and will be co-chief executives at the firm, as previously announced.

The same co-chief executive approach has been adopted by Standard Life and Aberdeen when announcing their £11bn mega merger deal this month, subject to approval.



Is the Janus Henderson deal a boon for investors?

The £4.7bn merger between Janus Capital and Henderson Global Investors could “unsettle” fund managers but may yet prove to be beneficial for investors. The merger between the two asset managers was announced earlier today, with the combined business expecting to generate annual cost savings of at least $110m (£85m). It will have around 2,300 employees […]


Old Mutual sacks Pimco to shift to Gross’s Janus

Old Mutual Global Investors has terminated its contract with Pimco and shifted the management of its $272m Old Mutual Total Return Bond Fund to ex-Pimco boss Bill Gross at Janus Capital. The Old Mutual Total Return USD Bond Fund is a sub fund of the Dublin-domiciled Old Mutual Global Investors series and is currently sub-advised by Pimco. […]


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