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May 31, 2023 · Great-West Lifeco has agreed to sell Putnam Investments to Franklin Templeton, a leading at-scale and diversified global asset manager with a broad range of investment and distribution capabilities The transaction unlocks the value of Putnam Investments and facilitates the continued focus of Lifeco’s U.S. strategy on retirement and personal wealth
Jan 2, 2024 · Putnam also shares our client-focused culture and emphasis on delivering strong investment results. We’re delighted to welcome the talented team at Putnam to Franklin Templeton and are pleased to have Great-West as an investor.” Founded in 1937, Putnam is a global asset management firm with $142 billion 1 in AUM as of November 30, 2023. The ...
May 31, 2023 · Franklin’s assets have grown from $717bn in 2018 to $1.4tn as of the end of April. The acquisition of Boston-based Putnam will add another $136bn in assets under management, 30 per cent of which ...
- Brooke Masters
May 31, 2023 · The companies said Wednesday that Franklin Templeton has agreed to pay $925 million for Putnam — about $825 million in stock up-front, or 33.3 million shares, and about $100 million in cash when ...
- Michael Thrasher
Jan 2, 2024 · N/A. says it has closed the sale of Putnam Investments. The company first announced the deal to sell the business to Franklin Resources Inc., which operates as Franklin Templeton, in May 2023. The ...
Aug 9, 2023 · Fund giant Franklin Templeton is acquiring Putnam Investments, a Boston-based global money management firm, in a deal worth $925 million. The acquisition also includes a substantial investment from Great-West Lifeco, further solidifying Franklin Templeton's presence in the asset management industry. The acquisition marks a significant move for ...
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May 31, 2023 · Franklin Resources Inc, a global investment management firm that operates as Franklin Templeton, plans to acquire asset manager Putnam Investments from Great-West LifeCo Inc in a nearly $925 ...
