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 fund manager Henderson Group and Janus Capital Group will result in job losses 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 $110m, with $80m anticipated for the first year. Following the merger, the renamed company - Janus Henderson Group - is set to build out the institution business in Europe.