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Franklin Templeton

Franklin Templeton

Global Asset Manager

Appears in 1 story

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The great asset management consolidation

Money Moves

Consolidating through mega-acquisitions including Legg Mason and Putnam

MetLife closed a $734.7 billion acquisition of PineBridge Investments from Hong Kong billionaire Richard Li's Pacific Century Group on December 30, 2025, vaulting itself to the top tier of global asset managers. It drew one-third from Asia, over half from non-U.S. investors.

Updated May 19