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Press release content from Business Wire. The AP news staff was not involved in its creation.

Western Asset Named Leader in U.S. Institutional Investment Management Service

March 29, 2021 GMT

PASADENA, Calif.--(BUSINESS WIRE)--Mar 29, 2021--

Western Asset Management, one of the world’s leading active fixed-income managers, with US$484.5 billion in assets under management (AUM) as of Dec. 31, 2020, announced today that it was named a 2020 Quality Leader in U.S. Institutional Investment Management Service by Greenwich Associates.

Greenwich Associates noted Western Asset Management has distinguished itself from competitors “by delivering superior levels of client service that help institutional investors achieve their investment goals and objectives.”

“We are humbled by this recognition and grateful to be acknowledged for our dedication to exceptional client service, which has been our central focus since we were founded in 1971,” said James Hirschmann, President and CEO of Western Asset. “This recognition means even more to us in the context of 2020 and the unprecedented challenges we faced as investors and as a global community. I am very proud of our employees located across nine global offices who steadfastly focus on meeting or exceeding our clients’ expectations.”

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Western Asset attributes this recognition to the Firm’s distinctive team-based, client-centric approach to investing and service. Its investment team has successfully navigated a variety of market environments over the last 50 years by harnessing input from investment team members located around the world to deliver strong long-term returns to their clients. Many of Western Asset’s client relationships span multiple decades.

Marzo Bernardi, Director of Global Client Service & Marketing, said, “We put our clients first in everything we do. Our client service team is made up of industry specialists who are plugged in to the unique challenges our clients and prospects face and can offer fixed-income and alternative solutions to address their distinct needs and goals. We really seek to partner with our clients to help them meet their investment objectives—because we know their success is our success.”

Methodology

Greenwich Associates provides data, analytics and insights to the financial services industry. Between July and October 2020, the firm conducted interviews with 856 individuals from 704 of the largest tax-exempt funds in the United States. These U.S.-based institutional investors are corporate and union funds, public funds, and endowment and foundation funds, with either pension or investment pool assets greater than $150 million. Study participants were asked to provide quantitative and qualitative evaluations of their asset management and investment consulting providers, including qualitative assessments of those firms soliciting their business and detailed information on important market trends. More information is available here.

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About Western Asset Management

Western Asset Management is one of the world’s leading fixed-income managers. With a focus on long-term fundamental value investing that employs a top-down and bottom-up approach, the Firm has nine offices around the globe and deep experience across the range of fixed-income sectors. Founded in 1971, Western Asset has been recognized for an approach emphasizing team management and intensive proprietary research, supported by robust risk management. To learn more about Western Asset, please visit www.westernasset.com.

About Franklin Templeton

Franklin Resources [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 more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 70 years of investment experience and approximately $1.5 trillion in assets under management as of February 28, 2021. For more information, please visit franklintempleton.com and follow on LinkedIn, Twitter and Facebook.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210329005717/en/

CONTACT: Lisa Tibbitts

Franklin Templeton

+1 (917) 674-8060

Lisa.Tibbitts@franklintempleton.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: FINANCE CONSULTING BANKING PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES

SOURCE: Franklin Templeton

Copyright Business Wire 2021.

PUB: 03/29/2021 03:38 PM/DISC: 03/29/2021 03:38 PM

http://www.businesswire.com/news/home/20210329005717/en