Franklin Templeton completes acquisition of Legg Mason
Combined firm offers complementary investment strategies
3 Aug 2020 | The Asset

Franklin Templeton has completed its previously announced acquisition of Legg Mason and its specialist investment managers.

The newly-combined organization establishes Franklin Templeton as one of the world’s largest independent, specialized global investment managers with a combined US$1.4 trillion in assets under management (AUM).

The combined footprint deepens Franklin Templeton’s presence in key geographies and creates an expansive investment platform that is well balanced between institutional and retail client AUM.

The transaction also brings notable added leadership and strength in core fixed income, equities and alternatives and expands the firm’s multi-asset solutions capabilities.

“This acquisition unlocks substantial value and growth opportunities driven by greater scale, diversity and balance across investment strategies, distribution channels and geographies,” says Jenny Johnson, Franklin Templeton’s president and chief executive officer.

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