Franklin Templeton opens new office in Saudi Arabia

Franklin Templeton opens new office in Saudi Arabia

Franklin Templeton has officially launched operations in Riyadh, Saudi Arabia, after receiving its ‘Managing Investments and Operating Funds’ and ‘Advising’ licenses from the Capital Market Authority. With $1.6 trillion in assets under management, Franklin Templeton is one of the world’s largest global asset management companies. The firm has a long track record of successful acquisitions […]Franklin Templeton has officially launched operations in Riyadh, Saudi Arabia, after receiving its ‘Managing Investments and Operating Funds’ and ‘Advising’ licenses from the Capital Market Authority.

With $1.6 trillion in assets under management, Franklin Templeton is one of the world’s largest global asset management companies.

The firm has a long track record of successful acquisitions including Legg Mason, Benefit Street Partners, Lexington Partners, Alcentra, and Putnam Investments, which brought new capabilities to its traditional asset offerings and substantially expanded its alternatives capabilities in private credit, secondary private equity and co-investments, and real estate. These new capabilities complement Franklin Templeton’s existing strengths in traditional global equities and fixed income, multi-asset solutions, ETFs, and hedged strategies.

Jenny Johnson, President and CEO of Franklin Templeton, commented that, “The Middle East is a key region for Franklin Templeton. We are delighted that Saudi Arabian investors now have local access to the firm’s