Guardian Life Insurance Company of America and Janus Henderson Group PLC have announced a strategic partnership, with Janus Henderson set to become the investment grade public fixed income asset manager for Guardian's general account. The $45 billion investment grade public fixed income portfolio will include investment grade corporates and securitized credit. As part of the partnership, Guardian will commit up to $400 million of seed capital to support Janus Henderson's innovation in securitized credit and high-quality active fixed income products.
Following the completion of the transaction, Janus Henderson will manage over $147 billion in fixed income assets globally and over $109 billion for global insurance companies. This partnership positions Janus Henderson as a top-15 unaffiliated insurance asset manager.
Moreover, Guardian will receive equity warrants and other economic consideration, and both companies will co-develop proprietary, multi-asset solution model portfolios for Guardian’s dually registered broker-dealer and registered investment advisor, Park Avenue Securities (PAS), which has over 2,400 advisors covering approximately $58.5 billion of client assets under management.
Andrew McMahon, Guardian's Chairman and CEO, stated that the partnership enhances Guardian’s investment and solutions capabilities and aligns the organizations for long-term, mutual growth. Ali Dibadj, CEO of Janus Henderson, expressed that the partnership is founded on a shared set of client-focused values and leverages their complementary strengths, creating alignment for mutual growth and intending to achieve mutually beneficial outcomes for policyholders, clients, shareholders, and employees.
The partnership is expected to close at the end of the second quarter of 2025.
Today the company's shares have moved -0.2% to a price of $29.61. For the full picture, make sure to review Janus Henderson's 8-K report.
