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Private company

Janus Henderson Group Ltd.

Investment advice company that raised $29.1 million in 2024 (SEC Form D)1

In its 2026 annual report the company says: “We are a client-focused global business with more than 2,300 employees worldwide and assets under management of $493.2 billion as of December 31, 2025. We have operations in North America, the United Kingdom, continental Europe, Latin America, the Middle East, Asia and Australia. We bring people and ideas together to help shape the futures of millions of people as we fulfill our purpose of “Investing in a brighter future together.”4

Last updated Oct 21, 2026.

Overview

  • IndustryInvestment Advice1
  • HeadquartersY91
  • Incorporated inJersey2
  • Business address201 Bishopsgate, London, Ec2M3Ae2
  • Filer categoryLarge accelerated filer2
  • Legal formCorporation

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Janus Henderson Group plc (“JHG,” the “Company,” “we,” “us,” “our” and similar terms), a company incorporated and registered in Jersey, Channel Islands, is an independent global asset manager, specializing in investment management across all major asset classes. Through its predecessor companies, JHG traces its lineage back to 1934 when Henderson Group plc (“Henderson”) was founded.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

31.5%Operating margin5
26.3%Net margin5
25.2%Revenue growth, 20255
16.0%Return on equity5
0.08×Debt to equity5
$710.9MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs65¢$2.0B
  • Interest1¢$24.2M
  • Income tax8¢$245.7M
  • Profit26¢$815.9M

Out of $3.1B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending1¢$8.6M
  • Dividends paid35¢$249.2M
  • Kept or used elsewhere64¢$461.7M

Out of $719.5M of cash from operations.5

Financial statements

Revenue67895$3.1B in 2025+41% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $2.2B$2.2B20192020: $2.3B$2.3B2020+5%2021: $2.8B$2.8B2021+20%2022: $2.2B$2.2B2022−20%2023: $2.1B$2.1B2023−5%2024: $2.5B$2.5B2024+18%2025: $3.1B$3.1B2025+25%
Operating income67895$976.8M in 2025+81% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $540.9M$540.9M20192020: $128.3M$128.3M2020−76%2021: $820.9M$820.9M2021+540%2022: $489.8M$489.8M2022−40%2023: $483.7M$483.7M2023−1%2024: $645.7M$645.7M2024+33%2025: $976.8M$976.8M2025+51%
Net income67895$815.9M in 2025+83% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $445.7M$445.7M20192020: $151.3M$151.3M2020−66%2021: $618.5M$618.5M2021+309%2022: $372.4M$372.4M2022−40%2023: $392.0M$392.0M2023+5%2024: $408.9M$408.9M2024+4%2025: $815.9M$815.9M2025+100%
Fiscal year2019202020212022202320242025
Revenue$2.2B6$2.3B7$2.8B8$2.2B9$2.1B5$2.5B5$3.1B5
Operating expenses$1.9B8$1.7B9$1.6B5$1.8B5$2.1B5
Operating income$540.9M6$128.3M7$820.9M8$489.8M9$483.7M5$645.7M5$976.8M5
Interest$15.1M6$12.9M7$12.8M8$12.6M9$12.7M5$18.0M5$24.2M5
Income before tax$817.7M8$375.4M9$527.0M5$611.9M5$1.2B5
Income tax$137.8M6$52.2M7$205.3M8$100.9M9$100.3M5$166.3M5$245.7M5
Net income$445.7M6$151.3M7$618.5M8$372.4M9$392.0M5$408.9M5$815.9M5
Earnings per share$2.216$0.707$3.598$2.239$2.375$2.575$5.255
Earnings per share (diluted)$2.216$0.707$3.578$2.239$2.375$2.565$5.235
Shares (weighted, basic)167.9M shares8161.7M shares9160.4M shares5155.4M shares5152.0M shares5
Shares (weighted, diluted)168.5M shares8162.0M shares9160.5M shares5155.8M shares5152.7M shares5

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Corporate structure

Janus Henderson Group Ltd. sits at the top of its group. 229 entities, 17 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Janus Henderson Group Ltd.

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (181 companies). Each entity in the chart links to its source.

What it owns

What Janus Henderson Group Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$220.5M5 Dec 31, 2025$201.9M5 Dec 31, 2024+9.2%
Accumulated depreciation$187.4M5 Dec 31, 2025$162.5M5 Dec 31, 2024+15.3%
Property and equipment, net$33.1M5 Dec 31, 2025$39.4M5 Dec 31, 2024−16.0%
Operating-lease assets (leased space)$97.3M5 Dec 31, 2025$84.1M5 Dec 31, 2024+15.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.3B5 Dec 31, 2025$1.2B5 Dec 31, 2024+3.0%
Marketable securities, current$364.6M5 Dec 31, 2025$337.1M5 Dec 31, 2024+8.2%
Stakes in other companies (equity method)$16.6M5 Dec 31, 2025$23.1M5 Dec 31, 2024−28.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.6B5 Dec 31, 2025$1.6B5 Dec 31, 2024+4.6%
Intangible assets, net (excluding goodwill)$2.5B5 Dec 31, 2025$2.5B5 Dec 31, 2024+2.2%
Accumulated amortization$80.0M5 Dec 31, 2025$62.8M5 Dec 31, 2024+27.4%
Finite-lived intangibles, net$85.2M5 Dec 31, 2025$56.8M9 Dec 31, 2024+50.0%

Properties, in its own words

We have 29 offices across the UK, Europe, North America, Asia and Australia. Our corporate headquarters is located in London, where it occupies approximately 100,000 square feet on a long-term lease that expires in 2033. We also have significant operations in Denver, Colorado, occupying approximately 144,000 square feet of office space, and its lease expires in 2032. The remaining 27 offices total approximately 99,000 square feet and are all leased. In the opinion of management, the space and equipment we lease is adequate for existing operating needs. See Note 9 — Leases, in Part II, Item 8, Financial Statements and Supplementary Data, for further information on our property leases.

Item 2 of the 10-K filed Feb 25, 2026.4

Leadership

Who has led Janus Henderson Group Ltd., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Richard M. Weil2022
  2. Ali Dibadj2022–now

Chief financial officer

  1. Roger Mj Thompson2022–2026
  2. Sukhdeep Singh Grewal2026–now

Chief operating officer

  1. James R. Lowry2022–now
2025
Board members and other officers (28)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorAngela Seymour-Jackson named Oct 8, 202445

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Alphagen Capital Limited UK3
  • Gartmore Investment Management Limited UK3
  • HGI (Investments) Limited UK3
  • HGP2 Limited UK3
  • Henderson Equity Partners Funds Limited Jersey (Channel Islands)3
  • Henderson Equity Partners Limited UK3
  • Henderson Global Investors (Holdings) Limited UK3
  • Henderson Global Investors Asset Management Limited UK3
  • Henderson Holdings Limited UK3
  • Henderson Unit Trusts Limited UK3
  • Janus Henderson ANTIK Warehouse LLC Delaware3
  • Janus Henderson Administration UK Limited UK3
  • Janus Henderson Advisers US LLC Delaware3
  • Janus Henderson Cayman Islands (Holdings) LLC UK3
  • Janus Henderson Distributors US LLC Delaware3
  • Janus Henderson Fund Management UK Limited UK3
  • Janus Henderson Indices LLC Delaware3
  • Janus Henderson Investors (Australia) Funds Management Limited Australia3
  • Janus Henderson Investors (Australia) Institutional Funds Management Limited Australia3
  • Janus Henderson Investors (Australia) Limited Australia3
  • Janus Henderson Investors (Hong Kong) Limited Hong Kong3
  • Janus Henderson Investors (Japan) Limited Japan3
  • Janus Henderson Investors (Jersey) Limited UK3
  • Janus Henderson Investors (Schweiz) AG Switzerland3
All 48 listed subsidiaries
  • Janus Henderson Investors (Singapore) Limited Singapore3
  • Janus Henderson Investors Europe SA Luxembourg3
  • Janus Henderson Investors International Limited UK3
  • Janus Henderson Investors Middle East Limited United Arab Emirates3
  • Janus Henderson Investors UK Limited UK3
  • Janus Henderson Investors US (Holdings) LLC Nevada3
  • Janus Henderson Investors US LLC Delaware3
  • Janus Henderson Jersey (Holdings) Limited UK3
  • Janus Henderson Management US Corporation Delaware3
  • Janus Henderson Opportunity (Holdings) Limited Delaware3
  • Janus Henderson Secretarial Services Limited UK3
  • Janus Henderson Services US LLC Delaware3
  • Janus Henderson UK (Holdings) Limited UK3
  • Janus Henderson US (Holdings) Inc. Delaware3
  • Janus Henderson US (Holdings) LLC Nevada3
  • Kapstream Capital Pty Limited Australia3
  • Privacore Capital, LLC Delaware3
  • Tabula Holdings Limited UK3
  • Tabula Investment Management Limited UK3
  • Triumph Capital Markets Holdco, LP Illinois3
  • Triumph Capital Markets, LLC Illinois3
  • VS Holdings Inc. Delaware3
  • Victory Park Capital Advisors LLC Illinois3
  • Victory Park Management LLC Illinois3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Janus Henderson Group Ltc.Jul 1, 2026 to Jul 1, 20262
  • JANUS HENDERSON GROUP PLCMay 25, 2017 to Jun 30, 20262
  • HENDERSON GROUP PLCMay 11, 2005 to May 25, 20172
  • HHG PLCDec 16, 2003 to Apr 18, 20052

Timeline

  1. Jun 30, 20268-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale46
  2. Jun 18, 20268-K Entered a material agreement; Regulation FD disclosure47
  3. Jun 2, 20268-K Shareholder vote48
  4. May 8, 20268-K Results of operations49
  5. Apr 17, 20268-K Shareholder vote50
  6. Mar 25, 20268-K Regulation FD disclosure51
  7. Mar 24, 20268-K Entered a material agreement; Other events52
  8. Jan 30, 20268-K Results of operations53
  9. Dec 22, 20258-K Entered a material agreement; Other events54
  10. Oct 30, 20258-K Results of operations55
  11. Oct 27, 20258-K Other events56
  12. Aug 18, 20258-K Executive or director change; Regulation FD disclosure57
  13. Jun 21, 2022New chief executive Ali Dibadj becomes CEO15
  14. Jan 3, 2022New chief executive Richard M. Weil becomes CEO14

Calendar

When it reported results

  1. May 8, 2026Reported quarterly or annual results49
  2. Jan 30, 2026Reported quarterly or annual results53
  3. Oct 30, 2025Reported quarterly or annual results55
  4. Jul 31, 2025Reported quarterly or annual results58
  5. May 1, 2025Reported quarterly or annual results59
  6. Jan 31, 2025Reported quarterly or annual results60
  7. Oct 31, 2024Reported quarterly or annual results61
  8. Aug 1, 2024Reported quarterly or annual results62

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

422 filings to the SEC since October 2021: 5 annual reports, 14 quarterly reports, 55 major events, 188 insider forms, 33 large holders, 1 private raises, 126 other. The latest 20:

  1. Aug 31, 2026N-PX EDGAR
  2. Jul 13, 202615-12G EDGAR
  3. Jul 6, 2026EFFECT EDGAR
  4. Jul 2, 20264 EDGAR
  5. Jul 2, 20264 EDGAR
  6. Jul 2, 20264 EDGAR
  7. Jul 2, 20264 EDGAR
  8. Jul 2, 20264 EDGAR
  9. Jul 2, 20264 EDGAR
  10. Jul 2, 20264 EDGAR
  11. Jul 2, 20264 EDGAR
  12. Jul 2, 20264 EDGAR
  13. Jul 2, 20264 EDGAR
  14. Jul 2, 20264 EDGAR
  15. Jul 2, 20264 EDGAR
  16. Jul 2, 20264 EDGAR
  17. Jul 2, 20264 EDGAR
  18. Jul 2, 20264 EDGAR
  19. Jul 2, 20264 EDGAR
  20. Jul 2, 20264 EDGAR

The 422 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

47 open-market trades by officers, directors and large owners since October 2021: 19 buys and 28 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 12, 2026Frank Joshua D.DirectorSale6,213,418$51.60$320.6MForm 4
May 12, 2026TRIAN FUND MANAGEMENT, L.P.DirectorSale6,213,418$51.60$320.6MForm 4
Mar 10, 2026PODZOROV MEGANChief People OfficerSale1,650$51.24$84.5KForm 4
Feb 27, 2026CASSIDY WILLIAM BChief Technology OfficerSale16,947$52.27$885.8KForm 4
Feb 18, 2026ROSENBERG MICHELLECAO & GENERAL COUNSELSale22,000$49.27$1.1MForm 4
Feb 17, 2026Dibadj AliCEOSale127,632$49.12$6.3MForm 4
Feb 11, 2026THOMPSON ROGER MJCHIEF FINANCIAL OFFICERSale16,861$48.25$813.5KForm 4
Sep 11, 2025THOMPSON ROGER MJCHIEF FINANCIAL OFFICERSale27,491$45.26$1.2MForm 4
Aug 4, 2025FOGO GEORGINACHIEF RISK OFFICERSale69,000$43.07$3.0MForm 4
Nov 4, 2024ROSENBERG MICHELLECAO & GENERAL COUNSELSale6,314$41.63$262.9KForm 4
Sep 12, 2024THOMPSON ROGER MJCHIEF FINANCIAL OFFICERSale9,000$35.60$320.4KForm 4
Sep 10, 2024THOMPSON ROGER MJCHIEF FINANCIAL OFFICERSale9,000$35.38$318.4KForm 4
Aug 19, 2024ROSENBERG MICHELLECAO & GENERAL COUNSELSale7,651$36.51$279.3KForm 4
Mar 6, 2024Hughes Brennan A.CHIEF ACCOUNTING OFFICERSale1,812$32.27$58.5KForm 4
Mar 1, 2024THOMPSON ROGER MJCHIEF FINANCIAL OFFICERSale2,806$31.07$87.2KForm 4
Mar 1, 2024FOGO GEORGINACHIEF RISK OFFICERSale3,029$31.07$94.1KForm 4
Feb 28, 2024FOGO GEORGINACHIEF RISK OFFICERSale22,076$30.93$682.8KForm 4
Feb 28, 2024THOMPSON ROGER MJCHIEF FINANCIAL OFFICERSale30,656$30.93$948.2KForm 4
Feb 28, 2024LOWRY JAMES RGLOBAL CHIEF OPERATING OFFICERSale9,754$30.93$301.7KForm 4
Feb 15, 2024DOLAN KEVIN BDirectorSale3,318$30.99$102.8KForm 4

All 47 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Stakes it holds

Janus Henderson Group Ltd. has told the SEC it owns more than 5% of 181 companies, latest first (Schedules 13D and 13G).

All 181 companies

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Ali DibadjChief Executive Officer$725.0K$35.0M251
2025Michelle RosenbergChief Administrative Officer & General Counsel$500.0K$3.9M251
2025Roger ThompsonChief Financial Officer$526.9K$3.8M251
2025William CassidyChief Technology Officer$500.0K$3.6M251
2025James R. LowryFormer Global Chief Operating Officer$351.3K$3.0M251
2025Georgina FogoChief Risk Officer$526.9K$2.4M251
2024Ali DibadjChief Executive Officer$725.0K$13.0M251
2024William CassidyChief Technology Officer$176.1K$4.6M251
2024Roger ThompsonChief Financial Officer$460.6K$3.4M251
2024Michelle RosenbergChief Administrative Officer & General Counsel$395.8K$2.7M251
2024James R. LowryFormer Global Chief Operating Officer$364.6K$2.2M251
2024Georgina FogoChief Risk Officer$383.8K$2.1M251
2023Ali DibadjChief Executive Officer$725.0K$9.9M251
2023Roger ThompsonChief Financial Officer$447.4K$3.3M251
2023Michelle RosenbergChief Administrative Officer & General Counsel$350.0K$2.4M251
2023Georgina FogoChief Risk Officer$372.9K$2.1M251
2023James R. LowryFormer Global Chief Operating Officer$348.0K$1.7M251

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$29.1M 2024–2024
Money received by yearMoney received by year, 2024–2024: $29.1M in all. Private raises (Form D) $29.1M.$0$10M$20M$30M2024 · Private raises (Form D): $29.1M2024
Figures by year
YearPrivate raises (Form D)Total
2024$29.1M$29.1M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Oct 1, 2024Raised $29.1 million in a private offering of equity45 Form D: $31.1 million offered in all Form D

SEC filer profile

How Janus Henderson Group Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARJanus Henderson Group Ltd.1
  • CIK0001274173
  • Employer ID (EIN)98-13763604
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inJersey4
  • Fiscal year endsJune 301
  • Industry code (SIC)6282 Investment Advice1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address201 Bishopsgate, London, EC2M3AE, United Kingdom1
  • Phone4420781818181
  • Shares outstanding154,075,608 as of May 6, 202612
  • Public float$6.1B as of Jun 30, 20254
  • AuditorPricewaterhouseCoopers LLP, Denver, Colorado PCAOB ID 238; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceDec 16, 20031
  • Filings1,861 in all: SC 13G/A (553), SCHEDULE 13G/A (305), SC 13G (238), 4 (155), 8-K (96), 13F-HR (90), SCHEDULE 13G (72), SUPPL (53)1
    All 55 form types

    DEFA14A (37), 3 (34), 10-Q (27), 425 (27), SC 13D/A (23), 13F-HR/A (15), 11-K (10), 10-K (9), 144 (9), SCHEDULE 13D/A (8), UPLOAD (8), ARS (7), CORRESP (6), DRSLTR (6), SC 13E3/A (6), DEF 14A (5), DFAN14A (5), PRE 14A (5), 424B3 (4), CT ORDER (4), DRS/A (4), EFFECT (4), N-PX (3), S-8 (3), S-8 POS (3), SC 13D (3), 3/A (2), POS AM (2), S-4/A (2), 12G3-2B (1), 15-12G (1), 25-NSE (1), 4/A (1), 424B5 (1), 8-A12B (1), CERTNYS (1), D (1), DEFM14A (1), DRS (1), F-4 (1), FWP (1), PREM14A (1), PRER14A (1), S-3ASR (1), S-4 (1), SC 13E3 (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Feb 25, 2026
    Quarterly report (10-Q) May 8, 2026
    Proxy statement (DEF 14A) Apr 17, 2026
    Latest 8-K (8-K) Jun 30, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $1.50 Per Share Par ValueJHGNew York Stock Exchange

From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Janus Henderson Group Ltd. names in Item 1A of its 10-K filed Feb 25, 2026: 45 risks under these headings, as written.4

  • Risks Relating to the Proposed Merger
  • We may not complete the pending Merger within the timeframe anticipated, or at all, which could have a material adverse effect on our business, financial condition or results of operations, as well as negatively impact the price of our common stock.
  • Business uncertainties while the Merger is pending and efforts to complete the Merger could disrupt our relationships with third parties.
  • We may face challenges in attracting and retaining key personnel during the pendency of the Merger.
  • Efforts to complete the Merger could divert management’s attention, or result in negative publicity or legal proceedings which may delay or prevent the Merger, any of which could negatively impact our operating results and ongoing business.
  • The Merger Agreement contains provisions that limit our ability to pursue alternatives to the Merger which could discourage a potential competing acquiror from making an alternative transaction proposal.
  • While the Merger Agreement is in effect, we are subject to restrictions on our business activities.
  • Trian and its affiliates have interests in the Merger that are different from or conflict with the interests of other Janus Henderson shareholders.
  • Some of our executive officers and directors have interests in the proposed Merger that are different from, or in addition to, those of our shareholders generally.
  • If the Merger occurs, our shareholders will not be able to participate in any further upside to our business.
  • Market and Investment Performance Risks
  • Our results of operations and financial condition are primarily dependent on the value, composition and relative investment performance of our AUM, all of which are subject to fluctuation caused by factors outside of our control.
The other 35 risks
  • Our revenue and profitability would be adversely affected by any reduction in our AUM as a result of redemptions and other withdrawals from the funds and accounts we manage.
  • Volatility and disruption of the capital and credit markets, and adverse changes in the global economy, may significantly affect our results of operations and may put pressure on our financial results.
  • Disruptions in the markets, to market participants and to the operations of third parties whose functions are integral to our ETF platforms may adversely affect the prices at which ETFs trade, particularly during periods of market volatility.
  • Illiquidity in certain securities in which we invest may negatively impact the financial condition of our investment products and may impede our ability to effect redemptions.
  • Changes in the value of our seeded investment products could adversely affect our earnings and financial condition.
  • Valuation methodologies for assets within private markets and other similar strategies can be subject to significant subjectivity and the values of assets established pursuant to those methodologies may never be realized.
  • We could be adversely impacted by changes in assumptions used to calculate pension assets and liabilities.
  • The global scope of our business subjects us to currency exchange rate risk that may adversely impact revenue and income.
  • We could be impacted by counterparty or client defaults.
  • Business and Strategic Risks
  • We operate in a highly competitive environment, and revenue from fees may be reduced.
  • Our success depends on our key personnel, and our financial performance could be negatively affected by the loss of their services.
  • We are dependent upon third-party distribution channels to access clients and potential clients.
  • The global scope of our business subjects us to market-specific political, economic and other risks that may adversely impact our revenue and income generated overseas.
  • Our reputation is critical to the success of our business. Harm to our reputation could reduce our AUM and impact sales, which could adversely affect our revenue and net income.
  • The carrying value of goodwill and other intangible assets on our balance sheet could become impaired, which would adversely affect our results of operations.
  • Our business depends on investment management agreements that are subject to termination, non-renewal or reductions in fees.
  • Our expenses are subject to fluctuations that could materially affect our operating results.
  • We may engage in strategic transactions that could pose risks to our business, financial condition and global operations.
  • Operational and Technology Risks
  • We could be subject to losses and reputational harm if we, or our agents, fail to properly safeguard sensitive and confidential information against cyberattacks or other security breaches, or if our business processes are not sufficiently resilient.
  • Initiatives to upgrade our information technology systems and business processes involve many risks, and our failure to execute these upgrades successfully could have an adverse impact on our business.
  • We are incorporating artificial intelligence into some of our business workflows and processes, and challenges with properly managing its use could result in reputational harm, competitive harm and legal liability, and adversely affect our results of operations.
  • Failure to maintain adequate controls and risk management policies, the circumvention of controls and policies, or fraud, as well as failure to maintain adequate infrastructure or failures in operational or risk management processes and systems could have an adverse effect on our AUM, results of operations and financial condition.
  • Insurance may not be available on a cost-effective basis to protect us from potential liabilities.
  • Our business may be vulnerable to failures of support systems and client service functions provided by third-party vendors.
  • Our inability to recover successfully, should we experience a disaster or other business continuity problem, could cause material financial loss, regulatory actions, legal liability and/or reputational harm.
  • Climate change-related risks could adversely affect our business, products, operations and clients, which may cause our AUM, revenue and earnings to decline.
  • Negative changes in our credit ratings and global market volatility may impair our ability to obtain financing and may increase our borrowing costs.
  • Legal and Regulatory Risks
  • We operate in an industry that is subject to extensive, complex, overlapping and sometimes conflicting regulation and supervision around the world, and any enforcement action or changes in the laws or regulations governing our business could adversely affect our AUM, results of operations or financial condition.
  • Regulatory and governmental examinations and/or investigations, litigation and the legal risks associated with our business could adversely impact our AUM, increase costs and negatively impact our profitability and/or our future financial results.
  • Regulators may impose increased capital requirements on our subsidiaries, which could negatively impact our ability to return capital or pay dividends to our shareholders and adversely affect our results of operations and financial condition.
  • Failure to comply with client contractual requirements and/or investment guidelines could negatively impact our AUM, results of operations and financial condition.
  • We may be subject to claims of lack of suitability.
  • Changes to tax laws could adversely affect us.
  • Jersey Company Risks
  • Our ordinary shares, which we refer to as our common stock, are governed by the laws of Jersey, Channel Islands, which may not provide the level of legal certainty and transparency afforded by incorporation in a U.S. state.
  • U.S. shareholders may not be able to enforce civil liabilities against us.

Legal proceedings

The information set forth in response to Item 103 of Regulation S-K under “Legal Proceedings” is incorporated by reference from Part II, Item 8, Financial Statements and Supplementary Data, Note 19 — Commitments and Contingencies: Litigation and Other Regulatory Matters.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

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