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Janus Henderson completes transfer of US services to BNP Paribas

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Janus Henderson completes transfer of US services to BNP Paribas

Janus Henderson Group PLC completed the transfer of its back- and middle-office operations in the U.S. to BNP Paribas Securities Services.

The transfer is part of BNP Paribas SA's 10-year strategic build-out of its securities services operations in the U.S. and provides the bank with an established mutual fund administration and accounting platform in the country.

More than 100 Janus Henderson employees based in Denver have been transferred to BNP Paribas, which will now locate its mutual fund administration hub in the same city.

BNP Paribas, also as part of the deal, becomes the fund services provider for Janus Henderson's U.S. regulated mutual funds, representing $138 billion in assets.