Franklin Templeton Multi-Asset Solutions Business and Quantitative Manager QS Investors Join Forces
September 23 2020 - 10:00AM
Business Wire
- More Than $120 Billion Solutions Business Brings Together
Complementary Client Bases, Geographical Footprint and Investment
Strengths
- Combination Adds Scale, Expertise and Cutting-Edge Technology
to Deliver Best-in-Class Solutions for Clients
Franklin Templeton today announced its plans to combine the
Franklin Templeton Multi-Asset Solutions (FTMAS) and QS Investors
capabilities to form Franklin Templeton Investment Solutions
(FTIS), a single best-in-class solutions business platform that
will deliver an expanded range of investment capabilities to
clients. Effective October 1, 2020, the combined team of more than
120 investment professionals will oversee more than $120 billion in
multi-asset strategies, leveraging a broad spectrum of investment
capabilities from fundamental to quantitative.
FTMAS is Franklin Templeton’s multi-asset “hub” that integrates
the firm’s independently managed fundamental and quantitative
research into customized solutions for clients around the globe. QS
Investors is known for its innovative quantitative, factor-based
equity and asset allocation strategies as well as customized
portfolio construction capabilities. QS became one of Franklin
Templeton’s specialist investment managers through its acquisition
of Legg Mason on July 31, 2020.
“It became clear in ongoing discussions between QS and FTMAS
that we could unlock substantial value and deliver new growth
opportunities if we combined our solutions business efforts. We
realized we had a unique chance to leverage the investment
expertise and technologies of two world-class businesses and the
expanded capabilities of our specialist investment managers while
creating strategic advantages for our clients. Today’s announcement
is the result of that shared vision,” said Jenny Johnson, President
and CEO of Franklin Templeton.
“The combination of FTMAS and QS capabilities will create a
sizeable solutions business with scale to compete with the largest
full-service providers,” said Ed Perks, President and Chief
Investment Officer (CIO) of FTMAS. “In addition to offering an
expanded range of outcome-oriented multi-asset and multi-factor
equity solutions, we expect to deliver enhanced tools and reporting
to our clients stemming from our ongoing strategic investments in
fintech and data science.”
“This combination will leverage the strengths of QS and FTMAS to
deliver better outcomes for clients,” said Adam Petryk, President
and CEO of QS. “Our expertise in quantitative factor-based equity
and customized asset allocation strategies is the perfect
complement to FTMAS’s industry-leading fundamental asset allocation
and strong global presence. Together we can offer broad and deep
investment expertise and will leverage a common investment
technology platform to both deliver the investment outcomes our
clients need and serve as the foundation for how clients will
expect to engage with investment managers in the future. We are
becoming better together.”
Ed Perks will lead Franklin Templeton’s newly combined solutions
business, continuing in his role as President and CIO while
capitalizing on an experienced team of senior leaders from QS and
FTMAS to direct core functions.
Senior leadership appointments that have been announced
include:
- Adam Petryk, Executive Vice President (EVP) and Head of
Solutions Strategy and Development for FTIS, will lead solutions
strategy and management, digital engagement, investment technology,
business management and client engagement as well as trading and
operations for the combined group. He will continue as President
and CEO of QS Investors LLC.
- Wylie Tollette will continue as EVP and Head of Client
Investment Solutions, leading the portfolio management and client
investment solutions functions.
- Gene Podkaminer, EVP and Head of Research, will lead the
combined research teams of fundamental and quantitative research
across strategies.
About Franklin Templeton Multi-Asset Solutions
With strategies dating back to 1948, FTMAS is dedicated to
helping investors achieve their financial goals through multi-asset
strategies, including income funds, diversified-outcome funds and
asset allocation funds. Franklin Templeton’s deep bench of
multi-asset experts generates a top-down view across asset classes
and regions while connecting the bottom-up insights of the global
investment teams across Franklin Templeton. FTMAS has $105 billion
in assets under management (AUM) as of August 31, 2020. Its 65
employees are spread across offices in San Mateo, New York, London,
Toronto, Frankfurt, Singapore, Hong Kong and Mumbai.
About QS Investors
QS Investors is a quantitative asset management firm that was
formed in 1999. Currently, it has 78 employees in offices in New
York and Boston. As of August 31, 2020, it has $17 billion in AUM.
Its select team of mathematicians, engineers, scientists, finance
and investment experts create multi-asset and multi-factor equity
solutions that are designed to help clients achieve their
investment goals. QS’s quantitative investment approach is
rigorously tested using measured methods that adapt to changing
market conditions with the goal of delivering strong, consistent
returns.
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment
management organization with subsidiaries operating as Franklin
Templeton and serving clients in over 165 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 brings extensive capabilities in equity, fixed income,
alternatives and custom multi-asset solutions. With offices in over
30 countries and 1,300 investment professionals, the
California-based company has more than 70 years of investment
experience and approximately $1.4 trillion in assets under
management as of August 31, 2020. For more information, please
visit franklintempleton.com and follow us on LinkedIn, Twitter and
Facebook.
Copyright © 2020. Franklin Templeton. All rights reserved.
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version on businesswire.com: https://www.businesswire.com/news/home/20200923005575/en/
Franklin Templeton Corporate Communications: Stacey Coleman,
(650) 525-7458, stacey.coleman@franklintempleton.com
QS Investors Corporate Communications: Lisa Tibbitts,
917-674-8060 Lisa.Tibbitts@franklintempleton.com
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