Henderson Group

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Not to be confused with Henderson Land Development.
Henderson Group plc
Type Public (LSEHGG, ASXHGG)
Industry Investment Management
Founded 1934
Headquarters London
Key people Richard Gillingwater, Chairman
Andrew Formica, Chief Executive[1]
Products Equities, Fixed Income, Property, Private Equity
Revenue £473.3 million (2013)[2]
Operating income £165.5 million (2013)[2]
Net income £125.1 million (2013)[2]
Employees 1,000 (2013)[3]
Website www.henderson.com

Henderson Group plc (LSEHGG, ASXHGG) is a global investment management company with its principal place of business in the City of London. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. It is also listed on the Australian Securities Exchange as a member of the S&P/ASX 200 index.

History[edit]

The Company was established in 1934 to administer the estates of Lord Faringdon.[4] In 1975 it started managing pension funds.[4] It was first listed on the London Stock Exchange in 1983.[4]

On re-listing as HHG Group in 2003 the group comprised:[5]

• Henderson Global Investors, a UK-based investment manager
• Life Services (comprising the life and pension books of Pearl Assurance plc, NPI Limited, National Provident Life Limited and London Life Limited, and HHG Services Limited.)
• The financial advisory firm, Towry Law

Between 2008 and 2012 the Group was tax-resident in the Republic of Ireland.[6] With effect from 12 December 2012, the Group changed its tax residency from the Republic of Ireland to the UK by means of a corporate restructuring.[7]

In 2010 the company phased out the New Star name.[8]

In 2014 the company rolled out a new brand identity.[9]

Acquisitions and sales

Transaction Date
Acquired Touche Remnant from Société Générale 1992
March 1998 bought by AMP Limited (and subsequently integrated with AMP Asset Management's operations

in the UK and Australasia as Henderson Global Investors.)

March 1998
Demerged from AMP Limited as HHG Group.[5] 2003
Sale of 50% stake in Virgin Money Group to joint venture partner Virgin Group.[10] 2004
Sale of Life Services business[11] and change of name to Henderson Group[4] 2005
AMP Limited sold its remaining 15% stake in the Company.[12] 2005
Sale of Towry Law, the financial advisory business.[13] 2006
Acquisition of New Star Asset Management Group PLC.[14] April 2009
Acquisition of Gartmore Group Limited, giving a combined estimated AUM of £78.1bn as

at 31 December 2010.[15]

April 2011

Operations[edit]

The company invests in four primary asset classes: equities, fixed income, property and private equity. It has assets under management of £75.2 billion (as at 31 December 2013))[2] and employs around 1,000 people worldwide.

In Europe, Henderson has offices in Amsterdam, Dublin, Edinburgh, Frankfurt, Luxembourg, Madrid, Milan, Paris, Vienna, Zurich and London. Henderson moved into the North American market in 1999, when it acquired US real estate investment manager Phoenix Realty Advisers, and currently has offices in Chicago and Hartford. In Asia, Henderson has offices in New Delhi, Singapore (Asia headquarters), Hong Kong, Tokyo and Beijing as well as in Sydney, Australia.

Henderson Group’s Chief Economist, Simon Ward, is a regular commentator on the economy and markets.[16] Henderson Group’s institutional product range also includes a range of hedge funds (under the Alphagen name[17]), Private Equity and Property.

References[edit]

External links[edit]