History
The Company was established in 1934 to administer the estates of Lord Faringdon. In 1975 it started managing pension funds. It was first listed on the London Stock Exchange in 1983.
On re-listing as HHG Group in 2003 the group comprised:
• 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
Since 31 October 2008, the Group has been incorporated in Jersey and tax-resident in the Republic of Ireland.
In 2010 the company rebranded itself as Henderson Global Investors.
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. | 2003 |
| Sale of 50% stake in Virgin Money Group to joint venture partner Virgin Group. | 2004 |
| Sale of Life Services business and change of name to Henderson Group | 2005 |
| AMP Limited sold its remaining 15% stake in the Company. | 2005 |
| Sale of Towry Law, the financial advisory business. | 2006 |
| Acquisition of New Star Asset Management Group PLC. | April 2009 |
| Acquisition of Gartmore Group Limited, giving a combined estimated AUM of £78.1bn as
at 31 December 2010. |
April 2011 |
Read more about this topic: Henderson Group
Famous quotes containing the word history:
“In front of these sinister facts, the first lesson of history is the good of evil. Good is a good doctor, but Bad is sometimes a better.”
—Ralph Waldo Emerson (1803–1882)
“If man is reduced to being nothing but a character in history, he has no other choice but to subside into the sound and fury of a completely irrational history or to endow history with the form of human reason.”
—Albert Camus (1913–1960)
“In the history of the human mind, these glowing and ruddy fables precede the noonday thoughts of men, as Aurora the sun’s rays. The matutine intellect of the poet, keeping in advance of the glare of philosophy, always dwells in this auroral atmosphere.”
—Henry David Thoreau (1817–1862)