Ann: Acquisitions, page-3

Full ownership of 90 West will enable Henderson to benefit from the pipeline of new business the firms have created together, both in Australia and globally.
 On completion of these transactions and the sale of its 40% interest in TH Real Estate which completed on 1 June, Henderson’s capital position will improve by c.£40m. Henderson will update the market on its capital position at its Interim Results on 30 July 2015.
Andrew Formica, Chief Executive of Henderson, said: "Developing our presence in Australia is a strategic priority for Henderson. These acquisitions will give us recognised domestic investment management capabilities to complement our global offering and take us into the Top 30 of Australian asset managers. They help us build scale in our Australian business well ahead of our previous expectations. On completion, we will more than double our AUM from Pan Asian clients and have around 40 investment professionals based in the region, managing money on behalf of local and international investors. This is another important step towards achieving our ambition to become a truly global asset manager.”
Glenn Feben, Managing Partner of PFI, said: “Our team is delighted to be joining Henderson. For us to become part of a truly global fixed income team will provide real benefits to our investment team and to our clients.”
Lee Mickelburough, Head of PGM, commented: “We see a strong cultural alignment with the team at Henderson and look forward to being part of an independent, investment-led firm, which will help us focus on investment performance for our clients and navigate our path to future growth.”
David Whitten, Executive Chairman of 90 West, said: “Over the last two years, we have formed a close relationship with Henderson, both in Australia and worldwide. We have seen the value they bring to our business. We are thrilled to be part of Henderson, and are now better positioned to deliver to our clients and to grow.”