Citywire Selector - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Janus Henderson’s Formica: inside story on the mega merger

Andrew Formica became CEO of fund group Henderson ten years ago while still in his thirties. He went on to purchase Gartmore and New Star and has now merged Henderson with US fund house Janus – creating what is now called Janus Henderson.

In the following interviews he talks about why he did the deal, the challenge of merging two people businesses and finally his views on how Brexit will impact fund management groups.

In the first of three conversations with Citywire’s executive chairman, Lawrence Lever, Formica explains why he thinks the sins of the banking crisis have been visited on asset management groups in the form of excessive regulation.

He reveals why this is inappropriate for fiduciary businesses – such as asset managers – who ring fence clients’ money keeping it separate from their own. In our view the same may be said for wealth managers and financial advisers, applying the same logic.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Luxembourg Forum

    Citywire Luxembourg Forum

  • Citywire DACH 2017

    Citywire DACH 2017

  • Citywire Italy 2017

    Citywire Italy 2017

  • Citywire Berlin 2017

    Citywire Berlin 2017

  • Citywire Miami 2017

    Citywire Miami 2017

  • Citywire Professional Buyer

    Citywire Professional Buyer

  • Citywire Madrid 2017

    Citywire Madrid 2017

  • Citywire Switzerland Retreat 2017

    Citywire Switzerland Retreat 2017

  • Citywire Amsterdam 2017

    Citywire Amsterdam 2017

  • Citywire Frankfurt 2017

    Citywire Frankfurt 2017

  • Citywire Alternative Ucits Retreat 2017

    Citywire Alternative Ucits Retreat 2017

  • Citywire Paris 2017

    Citywire Paris 2017

  • Citywire Milan 2017

    Citywire Milan 2017

  • Citywire Deutschland 2017

    Citywire Deutschland 2017

  • Citywire DACH 2017

    Citywire DACH 2017

  • Citywire Italy 2016

    Citywire Italy 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Alt Ucits 2016

    Citywire Alt Ucits 2016