A long-serving Franklin Templeton executive will lead the combined entity in the region once the Legg Mason acquisition is complete. But the appointee has come as a surprise to some.
But while Morningstar sees the bond house as the "strength" of Franklin Templeton's takeover of Legg Mason, the merged firm may be vulnerable to competition from index fund managers.
The fund industry’s latest mega-takeover has big implications for the two firms and for their clients in Asia. AsianInvestor looks at issues that the deal raises.
Industry veterans formerly at AllianceBernstein and Axa Investment Managers have taken up the respective roles, as the mainland talent merry-go-round continues.
The region's investors are eager to take on more risk, but they are too focused on cash to achieve their return targets, finds a new global survey by Legg Mason.
Brandywine Global has hired Tariq Ahmad as Asia ex-Japan CEO. In his first interview in the role, he outlined the fund firm's plans to focus more on Southeast Asia and tier-two clients.