Investors should be prepared to see many more announcements like this morning's 'merger of equals' between Henderson and Janus Capital in the near future, writes editor Katrina Lloyd.
It has long been predicted consolidation in the sector will gather pace as asset managers face ever increasing pressure on margins and the need for effective diversification at product and distribution level becomes vital for survival. We have already seen a number of bolt-on acquisitions as groups make targeted forays into selected sectors, but it is fair to assume larger scale deals will now be on the table, especially now the EU referendum is out of the way. This latest move to create Janus Henderson Global Investors will come as a surprise to many but there are obvious synergies w...
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