Franklin Templeton to align Martin Currie under Clearbridge Investments and Franklin Equity Group

FRANKLIN TEMPLETON TO ALIGN MARTIN CURRIE UNDER CLEARBRIDGE INVESTMENTS AND FRANKLIN EQUITY GROUP

• This alignment reflects Franklin Templeton’s commitment to optimising organisational efficiency while maintaining a strong focus on client needs.
• The Martin Currie brand will retire in 2025; with no changes to investment processes or portfolio management teams.

Franklin Templeton¹ has announced plans to align Martin Currie, a specialist investment manager (SIM) with approximately US$18 billion in assets under management, under two of its leading investment entities: ClearBridge Investments (ClearBridge) and Franklin Equity Group (FEG).

Under this new structure, Martin Currie’s Australia, UK, and Global Emerging Markets investment and Sustainability teams will move under ClearBridge, a US$193 billion² SIM renowned for its expertise in global, US & Canadian equities and infrastructure.

Simultaneously, Martin Currie’s Global Long-Term Unconstrained (GLTU) team will move under Franklin Equity Group, a US$139 billion² SIM focused on long-term quality growth equities.

This new structure optimises the combined strengths of Martin Currie, ClearBridge Investments and Franklin Equity Group. While Martin Currie’s investment teams will maintain their established investment autonomy and processes, all teams will benefit from broader resources, greater scale and enhanced operational efficiencies. The alignment underscores the firm’s focus on meeting evolving client needs while reinforcing its commitment to investment excellence.

ClearBridge has a rich history and proven track record in the asset management industry. In Australia, ClearBridge successfully integrated the RARE Infrastructure business demonstrating its ability to align complementary businesses. Martin Currie’s local and offshore equity expertise is highly complementary with ClearBridge’s investment approach, product offering and cultural values. Both groups share a clear commitment to sustainability and a shared vision of driving positive change in public equities through active ownership.

The transition will require several steps prior to completion, including securing necessary approvals, and is anticipated to be completed by the end of 2025.

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Notes to Editors:

1. Franklin Resources, Inc. [NYSE:BEN] is a global investment management organisation with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialisation on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.5 trillion in assets under management as of 31 December 2024. For more information, please visit www.franklintempleton.co.uk and follow us on LinkedIn, X, and Facebook.
2. Source: Franklin Templeton, as of 31 December 2024