The Martin Currie brand is set to disappear after nearly a century and a half, as Franklin Templeton has set out plans to align the business under ClearBridge Investments.
Under the proposals, set to come into force later this year, Martin Currie's Australia, global emerging markets and UK investment and sustainability teams will move under the ClearBridge name, while the Martin Currie global long-term unconstrained (GLTU) team will become part of Franklin Equity Group. The firm's products and teams will retain their investment autonomy under the restructure, Franklin Templeton explained. The plans will require "several steps" prior to completion, including regulatory approvals where applicable, it added. Following the realignment, ClearBridge will have...
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