JHG Appoints Suzanne Cain From Black Rock As Global Head of Distribution

3 min read | May 10, 2019 08:55 PM AEST | By Team Kalkine Media

Janus Henderson Group (ASX:JHG) is a global leader and asset manager. It helps investors towards long-term financial goals by providing investment solutions. These include equities, fixed income, multi-asset and other asset class strategies. The company is headquartered in London and is listed on both NYSE and ASX.

As of 31 March 2019, JHG had almost US$357b in assets under management. The company has over 2,000 people on its roster. There are offices in 28 cities globally. Worldwide, the company has 600 plus professionals in the distribution team and more than 350 professionals dedicated towards investment.

On 10 May 2019, the company announced that it had appointed a new Global Head of Distribution on board. Suzanne Cain would start serving this term with effect from 20 May 2019. Her primary responsibilities include working towards the company’s global sales besides product strategy for institutional and retail sectors. She would also work for the global marketing of the company across the world and lead client service.

Suzanne Cain would be based in Denver and would be a member of the Executive Committee of JHG. With over 30 years of experience, Suzanne is joining JHG after recently serving BlackRock as U.S. and Global Head of Institutional Clients, iShares. At Black Rock, she led the global client teams including sales, product consulting, portfolio construction and world market coverage. Her previous companies include Deutsche Bank and Morgan Stanley.

On her recent appointment, CEO Dick Weil stated that her global leadership experience, the ability to operate strategically and a positive record of product innovation and global sales expertise would be beneficial for the company’s new growth priorities and global distribution efforts.

Recently, as part of its share buy-back program, the company purchased 25,615 CHESS Depositary Interests (CDIs) to be converted into a holding of shares for cancellation. The average price paid per CDI was A$32.02.

On 2 May 2019, the company conducted its Annual General Meeting wherein resolutions were decided on a poll. None of the resolutions was amended or withdrawn.

The company also provided its first quarter results for the three month period ended 31 March 2019. The 3-year investment performance strengthened in 1Q19 to 69% from 61% in 4Q18. The total AUM amounted to US$357.3bn, a better standing than US$328.5bn in the previous quarter. This is a depiction of strong markets, partly offset by net outflows during the quarter. The adjusted diluted EPS stood at US$0.56. This amount was US$0.59 in the last quarter. Dividend declared was at US$0.36 per share. It also completed the first US$31m of a US$200m share buyback.

The outflows did not show optimistic results, but they have improved quarter over quarter. The total adjusted revenue for the quarter was $417.4m, 6% down pcp when it was $442.7m.

Share Price Information:

On the technical front, the JHG stock closed the market trading on 10 May 2019 at A$31.450, down by 1.659 %. In the last six months, the stock has delivered a return of -2.65% while the YTD return is in a better position and positive at 9.08%.


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