Asset Management

Henderson out to build an ‘Australian New Star’

Funds chief hails day his firm 'stamped foot' with trio of acquisitions that will treble its assets in the country to £8.5 billion and pave way for further growth

Henderson CEO Andrew Formica
Henderson CEO Andrew Formica

Henderson Global Investors’ chief executive is out to replicate the success of his firm’s 2009 acquisition of UK retail funds house New Star after striking a hat-trick of Australian boutique acquisitions. These have trebled Henderson’s assets in the country to £8.5 billion and pave the way for the figure to double “within five years”.

Henderson revealed in a statement on Tuesday that it has agreed the acquisition of A$8.1 billion (£4.1 billion) bonds manager Perennial Fixed Interest Partners, and A$2.6 billion equities boutique Perennial Growth Management, in a "transformational" deal for its Australian presence.

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