Franklin Templeton Completes Acquisition of Legg Mason
Establishes Franklin Templeton as One of the World’s Largest Independent, Specialised Global Investment Managers
Combined Company to Offer Complementary Investment Strategies to More Clients in More Places
San Mateo, CA, 31 July, 2020 – Franklin Resources, Inc. (the “Company”) [NYSE:BEN], a global investment management organisation with subsidiaries operating as Franklin Templeton, today announced that it has completed its previously announced acquisition of Legg Mason, Inc. [NYSE:LM] and its specialist investment managers.
The newly-combined organisation establishes Franklin Templeton as one of the world’s largest independent, specialised global investment managers with a combined US$1.4 trillion in assets under management (AUM) across one of the broadest ranges of high-quality investment teams in the industry. The combined footprint significantly deepens Franklin Templeton’s presence in key geographies and creates an expansive investment platform that is well balanced between institutional and retail client AUM.
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