Henderson Group

Henderson Group plc
Public company
Traded as LSE: HGG, ASX: JHG
Industry Investment Management
Founded 1934
Headquarters London
Key people
 Richard Gillingwater, chairman
Andrew Formica, Chief executive[1]
Products Equities, fixed income, property, private equity
Revenue £738.0 million (2016)[2]
£212.7 million (2016)[2]
£109.6 million (2016)[2]
Number of employees
 c. 1,000 (2017)[3]
Website henderson.com

Henderson Group plc was a global investment management company with its principal place of business in the City of London. It merged with Janus Capital Group in May 2017 to create Janus Henderson.

History

The Company was established in 1934 to administer the estates of Alexander Henderson, 1st Baron Faringdon.[4] In 1975 it started managing pension funds.[4] It was first listed on the London Stock Exchange in 1983.[4] On re-listing as HHG Group in 2003, the group comprised Henderson Global Investors (a UK-based investment manager), Life Services (comprising the life and pension books of Pearl Assurance, NPI, National Provident Life, London Life and HHG Services) and the financial advisory firm, Towry Law.[5]

Between 2008 and 2012 the Group was tax-resident in the Republic of Ireland.[6] With effect from 12 December 2012, the Group changed its tax residency from the Republic of Ireland to the UK by means of a corporate restructuring.[7] In 2010 the company phased out the New Star name[8] and in 2014 the company rolled out a new brand identity.[9]

In May 2017 the company completed a merger with Janus Capital Group to form Janus Henderson.[10]

Henderson Group head office at 201 Bishopsgate, London

Acquisitions and sales

Transaction Date
Acquired Touche Remnant from Société Générale 1992
March 1998 bought by AMP Limited (and subsequently integrated with AMP Asset Management's operations

in the UK and Australasia as Henderson Global Investors.)

 March 1998
Demerged from AMP Limited as HHG Group.[5] 2003
Sale of 50% stake in Virgin Money Group to joint venture partner Virgin Group.[11] 2004
Sale of Life Services business[12] and change of name to Henderson Group[4] 2005
AMP Limited sold its remaining 15% stake in the Company.[13] 2005
Sale of Towry Law, the financial advisory business.[14] 2006
Acquisition of New Star Asset Management Group PLC.[15] April 2009
Acquisition of Gartmore Group Limited, giving a combined estimated AUM of £78.1bn as

at 31 December 2010.[16]

 April 2011

Operations

The company invests in four primary asset classes: equities, fixed income, property and private equity. Its Chief Economist, Simon Ward, is a regular commentator on the economy and markets.[17] Its institutional product range also includes a range of hedge funds (under the Alphagen name).[18] It had assets under management of £101.0 billion as of 31 December 2016.[2]

References

  1. ↑ "The call that put Henderson's high-flyer behind the controls". The Times. Retrieved 28 March 2015.
  2. 1 2 3 4 "Annual Results 2016" (PDF). Henderson Group. Retrieved 22 April 2017.
  3. ↑ "Overview". Henderson. Retrieved 22 April 2017.
  4. 1 2 3 4 Henderson Group History
  5. 1 2 "Business – Troubled insurance group debuts". BBC. Retrieved 28 March 2015.
  6. ↑ "Business – Henderson to leave UK tax regime". BBC. Retrieved 28 March 2015.
  7. ↑ "Henderson moves tax residence back to UK". The Daily Telegraph. 13 December 2012. Retrieved 28 March 2015.
  8. ↑ Emma Wall (12 March 2010). "New Star name to disappear in Henderson shake-up". The Daily Telegraph. Retrieved 28 March 2015.
  9. ↑ Henderson Global Investors (21 January 2014). "Henderson Rolls Out Global Rebrand". PR Newswire. Retrieved 28 March 2015.
  10. ↑ "Janus Henderson mega-merger completes". City Wire. 30 May 2017. Retrieved 1 June 2017.
  11. ↑ "HHG divestment strategy opens with Virgin sale". The Age. Retrieved 28 March 2015.
  12. ↑ "AMP wins as UK spin-off sells life funds for $2.6bn". The Sydney Morning Herald. Retrieved 28 March 2015.
  13. ↑ "AMP sells the last of Henderson stake". The Sydney Morning Herald. Retrieved 28 March 2015.
  14. ↑ "UK Business Park – B2B Sales Leads & Company News". ukbusinesspark.co.uk. Archived from the original on 10 January 2015. Retrieved 28 March 2015.
  15. ↑ "Henderson buys New Star for £115m". The Times. Retrieved 28 March 2015.
  16. ↑ "Henderson confirms Gartmore takeover". moneyobserver.com. Retrieved 28 March 2015.
  17. ↑ "About the author – Money Moves Markets". moneymovesmarkets.com. Retrieved 28 March 2015.
  18. ↑ "Fund factsheets – Henderson AlphaGen Capella Fund Overview – Henderson Global Investors Ltd – Offshore Mutual – FE Trustnet Offshore". trustnetoffshore.com. Retrieved 28 March 2015.
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