There seems to be no end in sight for the asset management M&A surge as Lansdowne Partners takes over Crux AM, while Franklin Templeton is set to acquire Putnam Investments.
After a turbulent 2022, the outlook for next is year is looking to be another challenging period. Our market experts predict recession, further rate hikes, a new market normal, and some bright spots in the form of ESG and ETF product development.
New York-based digital asset security specialist adds Franklin Templeton to its list of investors after $23 million funding round.
The merged Franklin Templeton and Legg Mason group now has a combined $1.4 trillion in assets under management.
Industry heavyweights Vanguard, BNY Mellon, Franklin Templeton, and State Street completed a pilot to trade FX forwards using DLT.
Upon closure, Franklin Templeton and Legg Mason will establish $1.5 trillion asset management entity.
Jennifer Johnson, chief operating officer at Franklin Templeton, will assume the role of chief executive in February.