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.
