BNP Paribas and Janus Henderson complete transaction
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BNP Paribas and Janus Henderson complete transaction 03 April 2018Denver Reporter: Jenna Lomax
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Janus Henderson’s middle and back office operations in the US have been transferred to BNP Paribas.
This transaction is part of BNP Paribas’s 10-year build-out of its securities services business in the US, and provides BNP Paribas with a US mutual fund administration and accounting platform.
More than 100 Janus Henderson employees will be based in Denver, Colorado where its mutual fund administration hub will now be located.
Claudine Gallagher, head of the Americas for BNP Paribas Securities Services, said: “We have a long-standing relationship with Janus Henderson and are pleased to further this partnership.”
She added: “We are also delighted to welcome Janus Henderson’s staff of fund servicing professionals, whose combined expertise will enable us to deliver a seamless transition for Janus Henderson and its clients.”
“As we continue to build out our US business, we will be able to offer the market an integrated middle-to-back office platform, offering ‘40 Act fund accounting, fund administration and custody.”
Dick Weil, co-CEO at Janus Henderson Investors, commented: “Having worked closely with the BNP Paribas team on this transaction over the course of the past few months, we have been impressed by their commitment to making this transition a success and feel confident that they will deliver superior service to our clients.”
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