Janus Henderson is cutting costs by outsourcing its back - office functions in the US to BNP Paribas Securities Services . Expanding an existing partnership outside the US , the move will result in 100 of Janus ' employees transferring to BNP Paribas , which will be responsible for most of the asset manager 's back - office , front - office and custody functions . Touted to investors next March , the Paribas is expected to receive net consideration of around $ 36 m for the operations .
Janus Henderson is cutting costs by outsourcing its back-office functions in the US to BNP Paribas Securities Services. Expanding an existing partnership outside the US, the move will result in 100 of Janus' employees transferring to BNP Paribas, which will be responsible for most of the asset manager's back-office, mid-office and custody functions. Touted to close next March, BNP Paribas is expected to pay net consideration of around $36m for the operations.