Henderson Group


Henderson Group

Infobox Company
company_name = Henderson Group plc
company_
company_type = Public (lse|HGI, asx|HGI)
foundation = 1934
location = London, UK
key_people = Rupert Pennant-Rea, Chairman
Roger Yates, CEO
industry = Investments
products =
revenue = £455.9 million (2007)
operating_income = £114.7 million (2007)
net_income = £132.2 million (2007)
num_employees =
parent =
subsid =
homepage = [http://www.hendersongroupplc.com www.hendersongroupplc.com]
slogan =
footnotes =

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.

History

The Company was established in 1934 to administer the estates of Lord Faringdon. [http://www.henderson.com/sites/henderson/hendersongroup/aboutus/ourhistory.aspx Henderson Group History] ] In 1975 it started managing pension funds. It was first listed on the London Stock Exchange in 1983. In 1992 it went on to acquire Touche Remnant, an investment management firm. It was bought by AMP Limited in 1998 and was renamed "Henderson Global Investors".

The Company was demerged from AMP Limited as "HHG Group" in 2003. [ [http://news.bbc.co.uk/1/hi/business/3342725.stm Troubled insurance group debuts] ] In 2004 it sold its 50% stake in Virgin Money Group to its joint venture partner Virgin Group. [ [http://www.theage.com.au/articles/2004/04/28/1083103549723.html?from=moreStories HHG divestment strategy opens with Virgin sale] ] In April 2005 it sold its Life Services business [ [http://www.smh.com.au/news/Business/AMP-wins-as-UK-spinoff-sells-life-funds-for-26bn/2004/12/10/1102625535217.html AMP wins as UK spin off sells life funds for $2.6bn] ] and changed its name to "Henderson Group plc". Also in 2005 AMP Limited sold its remaining 15% stake in the Company. [ [http://www.smh.com.au/news/business/amp-sells-the-last-of-henderson-stake/2005/09/05/1125772464854.html AMP sells the last of Henderson stake] ] The Company sold Towry Law, its financial advisory business, in 2006. [ [http://www.ukbusinesspark.co.uk/tow91968.htm UK Business Park: Towry Law] ]

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, [ [http://findarticles.com/p/articles/mi_qa5379/is_200201/ai_n21308698 Building the Bullring Birmingham] ] 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. [ [http://www.propertyweek.com/issueIndex.asp?issueCode=12860 Henderson to move to new Broadgate HQ] ] 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. [ [http://phx.corporate-ir.net/phoenix.zhtml?c=175859&p=irol-newsArticle_Print&ID=1191541&highlight= Henderson Group plc - 2008 Interim Results] , 28 August 2008. Retrieved 28 August 2008.]

References

External links

* [http://www.hendersongroupplc.com/home/default.asp Official site]
* [http://uk.finance.yahoo.com/q/pr?s=HGI.L Yahoo profile]


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