Henderson Group

All you want to know about Henderson Group

Henderson Group plc
Type Public (LSE: HGI, ASX:HGI)
Founded 1934
Headquarters London, UK
Key people Rupert Pennant-Rea, Chairman
Roger Yates, CEO
Industry Investments
Revenue £455.9 million (2007)
Operating income £114.7 million (2007)
Net income £132.2 million (2007)
Website www.hendersongroupplc.com

Henderson Group plc (LSE: HGI, ASX:HGI) is a British asset management company based 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 Stock Exchange.

Contents

History

The Company was established in 1934 to administer the estates of Lord Faringdon.[1] In 1975 it started managing pension funds.[1] It was first listed on the London Stock Exchange in 1983.[1] In 1992 it went on to acquire Touche Remnant, an investment management firm.[1] It was bought by AMP Limited in 1998 and was renamed Henderson Global Investors.[1]

The Company was demerged from AMP Limited as HHG Group in 2003.[2] In 2004 it sold its 50% stake in Virgin Money Group to its joint venture partner Virgin Group.[3] In April 2005 it sold its Life Services business[4] and changed its name to Henderson Group plc.[1] Also in 2005 AMP Limited sold its remaining 15% stake in the Company.[5] The Company sold Towry Law, its financial advisory business, in 2006.[6]

Operations

The Company provides investment management services to institutional, retail and high net-worth clients: a broad range of asset classes is offered including equities, fixed income, property and private capital.

Henderson, Hammerson and Land Securities together form the Birmingham Alliance who are responsible for the Bull Ring Shopping Centre development,[7] Martineau Place and the up-coming Martineau Galleries development.

Henderson is based at 4 Broadgate Circle, but is expected to move to 201 Bishopsgate in 2008.[8] On 28 August 2008, Henderson announced that it is considering changing its corporate structure with a holding company incorporated in Jersey, and "tax-resident" in the Republic of Ireland.[9]

References

  1. ^ a b c d e f Henderson Group History
  2. ^ Troubled insurance group debuts
  3. ^ HHG divestment strategy opens with Virgin sale
  4. ^ AMP wins as UK spin off sells life funds for $2.6bn
  5. ^ AMP sells the last of Henderson stake
  6. ^ UK Business Park: Towry Law
  7. ^ Building the Bullring Birmingham
  8. ^ Henderson to move to new Broadgate HQ
  9. ^ Henderson Group plc - 2008 Interim Results, 28 August 2008. Retrieved 28 August 2008.

External links


Retrieved from "http://en.wikipedia.org/wiki/Henderson_Group"

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