The layoffs loom as Henderson estimates $110 million of cost savings from the merger, including $80 million in the first year, the firm said in a March 21 document approved by the Financial Conduct Authority. The all - stock merger between UK active asset manager Henderson Group and Henderson Capital Group will result in job cuts of up to 10 % , according to soon - to - be CFO Roger Thompson . The cuts come as the deal , set to close in May , is expected to save $ 200 m , with $ 80 m saved for the first year . Following the merger , the renamed company - Janus Capital Group - is set to roll out the institution portfolio in Europe .
The all - stock merger between UK active asset manager Henderson Group and Henderson Capital Group will result in job cuts of up to 10 % , according to soon - to - be CFO Roger Thompson . The cuts come as the deal , set to close in May , is expected to save $ 200 m , with $ 80 m saved for the first year . Following the merger , the renamed company - Janus Capital Group - is set to roll out the institution portfolio in Europe .