Henderson looks to Geneva to boost North American presence
Henderson Global Investors will increase its assets under management in the US by 50 per cent through its US$130 million acquisition of Geneva Capital Management.
Henderson chief executive, Andrew Formica, said the acquisition would create opportunities to build new products with US content.
"Developing our presence in North America is a strategic priority for Henderson," he said.
"The acquisition of Geneva is a major step towards achieving our growth ambitions as a global assets manager.
"It will increase our assets under management in the US by over 50 per cent, and add investment management expertise in US equities and extend our US institutional client base."
Formica added that the move would ensure Henderson's existing clients would benefit from Geneva's strong track record in identifying high quality growth companies in US equities.
AUTHOR
Staff Writer
Recommended for you
TAL has introduced four new courses to its Risk Academy focused on ethical dilemmas as part of Ethics Month to help advisers meet their CPD requirements.
Unadvised Australians believe they need $2 million to retire comfortably, according to Colonial First State, a wide variance compared to advised individuals which estimate $1.3 million.
Financial advisers can now access Vanguard’s diversified managed account strategies on HUB24 and Netwealth, marking a “significant expansion” through new distribution channels.
The heads of two financial advice licensees have joined the board of the Financial Services Council as it looks to deepen its engagement with the space and strengthen its representation.
