Franklin Templeton to acquire Legg Mason
The consolidation of the global asset management industry continues with Franklin Templeton today announcing that it will acquire Legg Mason to create an asset management company with some USD 1.5 trillion (EUR 1.4 trillion) in assets under management. Consequences for the firm’s Nordic business is not yet clear.
Niklas Tell 2020-02-18
Consolidation to achieve economies of scale has been high on the agenda among asset managers for some time now. Following large deals between companies such as Aberdeen and Standard Life Investments in 2017 and between Janus and Henderson in 2016,
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