Western Asset Management Company

Western Asset Management Company
	Franklin Templeton
Website	www.westernasset.com

Western Asset Management Company is a global

bond market

. The company utilizes a team-based investment approach and has focused exclusively on fixed-income securities since its founding in 1971.

History

Early years (1971-1986)

Western Asset Management Company was founded in October 1971 by

United California Bank (which later became First Interstate), and became an SEC-registered investment advisor in December of that year. In December 1986, Western Asset was acquired by Legg Mason, Inc.^[3]^[4]

Expansion (1996-present)

In February 1996, Legg Mason acquired Lehman Brothers Global Asset Management Limited, based in London, to broaden Western Asset's non-dollar capabilities. Now known as Western Asset Management Company Limited, it operates as the firm’s London office. To enhance its presence in Asia, Western Asset Management Company Pte. Ltd. was established in Singapore.^{[citation needed]}

In December 2003, the fixed-income division of Rothschild Asset Management (Singapore) Limited was acquired by Legg Mason and merged into the existing operation. To further develop Western Asset's capabilities and global presence, Legg Mason acquired a substantial part of

capital markets business. As part of the transaction, Western Asset gained new offices in New York, São Paulo, Hong Kong, Tokyo and Melbourne

, in addition to related staff and assets.

In December 2011, Western Asset opened a representative office in Dubai.

In July 2020, Franklin Templeton acquired Legg Mason, making Western Asset Management one of Franklin Templeton's Specialist Investment Managers.^[5]

References

^ "About Us - Our Firm". Western Asset Management Company. Retrieved December 31, 2020.
^ "Western Asset." Legg Mason Global Asset Management.
^ Nell Henderson (December 4, 1986). "Legg Mason To Acquire Western Asset". The Washington Post.
^ Halah Touryalai (July 24, 2014). "Legg Mason's Acquisition Fills A Major Gap, But A Bigger Problem Still Looms". Forbes.
^ "Franklin Templeton completes $4.5 billion Legg Mason takeover - The TRADE". www.thetradenews.com. Retrieved 2021-03-03.

[western-1] "About Us - Our Firm". Western Asset Management Company. Retrieved December 31, 2020.

[2] "Western Asset." Legg Mason Global Asset Management.

[3] Nell Henderson (December 4, 1986). "Legg Mason To Acquire Western Asset". The Washington Post.

[4] Halah Touryalai (July 24, 2014). "Legg Mason's Acquisition Fills A Major Gap, But A Bigger Problem Still Looms". Forbes.

[5] "Franklin Templeton completes $4.5 billion Legg Mason takeover - The TRADE". www.thetradenews.com. Retrieved 2021-03-03.

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