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Henderson-Janus Tie Up Signals Fee Pressures Spurring M&A

  • Firm to have $320 billion in assets, $6 billion in value
  • Jefferies, Cantor Fitzgerald say deal pointing to more M&A
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Janus Capital CEO Weil on Henderson Merger

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Henderson Group Plc’s tie up with Janus Capital Group Inc. to create a $320 billion asset manager may be the precursor to a wave of consolidation in an investment industry grappling with increased regulation and competition.

“Others will say they wish they’d done it or they’ll contemplate it as well,” London-based Henderson’s Chief Executive Officer Andrew Formica said in a Bloomberg Television interview on Monday. “It’s the most appropriate thing for our clients, our employees and our shareholders.”