Henderson Group
| Company type | Public limited company |
|---|---|
| Industry | Investment management |
| Founded | 1934 |
| Defunct | 2017 |
| Fate | Merged with Janus Capital Group to form Janus Henderson |
| Successor | Janus Henderson |
| Headquarters | City of London , United Kingdom |
Area served | International |
Key people | Bill McQuaker, Richard Pease, John Pattullo, James Gledhill |
| Products | Equities, fixed income, commercial real estate, multi-manager funds, sustainable and responsible investing (SRI), hedge funds (Alphagen) |
Henderson Group plc operated as an international investment management firm with its headquarters located in the City of London. In May 2017, it combined with Janus Capital Group to establish Janus Henderson.
History
The company was established in 1934 initially to oversee the estates of Alexander Henderson, 1st Baron Faringdon. Its involvement in managing pension funds began in 1975, followed by a public listing on the London Stock Exchange in 1983. In March 1998, AMP Limited acquired the business and merged it with AMP Asset Management’s UK and Australasian divisions, creating Henderson Global Investors.
After separating from AMP, it was re-listed under the name HHG Group in 2003, encompassing Henderson Global Investors, Life Services (which included Pearl Assurance among others), and the financial advisory firm Towry Law. By 2005, AMP had divested its remaining shares.
From 2008 until 2012, the group maintained tax residency in Ireland before restructuring its affairs to re-establish UK tax residency as of December 2012.
In April 2009, Henderson expanded by acquiring New Star Asset Management and temporarily renamed its UK retail unit Henderson New Star; this was reverted back to Henderson Global Investors in 2010. The company’s expertise covered equities, fixed income, commercial real estate, multi-manager approaches, and sustainable and responsible investing (SRI).
Prominent fund managers associated with the firm included Bill McQuaker, Richard Pease, John Pattullo, and James Gledhill. A refreshed global brand identity was launched in 2014.
The merger with Janus Capital Group in May 2017 resulted in Janus Henderson, broadening its global presence within investment management.
Acquisitions and sales
| Transaction | Date |
|---|---|
| Purchase of Touche Remnant from Société Générale | 1992 |
| Divestment of a 50% holding in Virgin Money Group to joint venture partner Virgin Group | 2004 |
| Disposal of Life Services division | 2005 |
| Sale of Towry Law financial advisory business | 2006 |
| Acquisition of New Star Asset Management Group PLC | April 2009 |
| Takeover of Gartmore Group Limited, raising estimated assets under management to £78.1bn as at 31 December 2010 | April 2011 |
Operations
Henderson focused its investments across four principal asset categories: equities, fixed income, property, and private equity. Its institutional product suite also featured various hedge funds marketed under the Alphagen brand.
External links
- Investment management companies of the United Kingdom
- Defunct companies based in London
- Companies listed on the London Stock Exchange
- Financial services companies established in 1934
- 1934 establishments in England
- Financial services companies disestablished in 2017
- 2017 disestablishments in England
- 2017 mergers and acquisitions
- Tax inversions
- British companies disestablished in 2017
- British companies established in 1934
- Asset management companies