Asset managers Janus Capital and UK-based Henderson Group have completed their proposed merger, creating a $331 billion entity known as Janus Henderson.
Both parties confirmed in a statement the combined firm will hold a market capitalisation of approximately $6 billion.
Andrew Formica, co-CEO at Janus Henderson, explained at its core the firm will be focused on delivering for its clients.
“The breadth and depth of investment professionals and the broad array of talented colleagues gives us an enviable position to meet our clients' needs,” he said.
Dick Weil, also co-CEO at the combined entity, added the merger has created a “truly global active asset manager that is well-positioned to succeed in the investment marketplace”.
Henderson Group has delisted its shares from the London Stock Exchange and Janus Henderson will list its shares on the New York Stock Exchange and the Australian Securities Exchange.
Consolidation in the asset management industry remains prevalent this year with rivals Standard Life and Aberdeen Asset Management agreeing terms to merge and form one of the largest of the UK’s fund managers.
The combination of Standard Life and Aberdeen will create a powerhouse with £660 billion of assets under management.
In Europe, Amundi signed an agreement with UniCredit to acquire its Pioneer investments business for €3.5 billion.
The merger is set to create the eighth largest asset manager in the world, with just under €1.3 trillion of assets under management.
Amundi said at the time it will also reinforce its leadership in European markets and expand its institutional client base alongside broader expertise.