I’m pleased to inform you that on Friday, July 31st, Franklin Templeton successfully completed its acquisition of Legg Mason. This represents the largest and most significant transaction in Franklin Templeton’s history. The newly combined organization brings together over 1,300 investment professionals, covering multiple asset classes and managing US$1.4 trillion in client assets.*
The core facets of Martin Currie will remain unchanged as a ‘Specialist Investment Manager’ within the Franklin Templeton group. We will continue to have investment independence as well as institutional distribution and client service independence. The Martin Currie brand will continue as a strong presence in active equity management and we will continue to look for ways to innovate, to improve our alpha generating capabilities and service to clients.
While we will continue to retain investment independence and organisational autonomy as a Specialist Investment Manager, which is vitally important to both Martin Currie and Franklin Templeton, we are incredibly excited about the opportunities to enhance the delivery for our clients that will arise from being in partnership with one of the largest asset managers in the world.
* As at 30 June 2020.