Another two senior executives, who oversaw private equity investment and wholesale clients, have left the firm following Franklin Templeton’s takeover of rival fund house Legg Mason.
The US fund manager, fresh from its acquisition of rival Legg Mason, sees China as a huge opportunity in respect of asset owners, both onshore and offshore.
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.
Young affluent Asians are the most pessimistic retail investor group about the world economy and yet they expect 10.5% returns this year, according to a survey to be released today.
The global asset manager has acquired Australian alternatives fund house RARE Infrastructure. The move comes as traditional and alts managers increasingly converge, and boutique houses look for global tie-ups.
The US fund house is exploring entry to two new markets in Asia and is looking to build a fund manufacturing capability in Hong Kong, its management reveals.
The fund house is moving to register two corporate bond funds and a more unusual product in Hong Kong. Legg Mason affiliate Western Asset is also overweight China, bucking a recent trend.