Putnam CEO Reynolds Will Remain with Great-West Post Merger
The CEO will stay at Great-West Lifeco with part of his focus on the firm's ongoing relationship with Franklin Templeton following the deal.
Source: plansponsor.com
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A Fund Firm Tries to Buy Its Way Out of a Bind
Franklin Templeton adds more than $1 trillion of assets in its acquisition spree.
Source: wealthmanagement.com
Franklin Templeton Is Buying Putnam Investments | Chief Investment Officer
Franklin Templeton announced its acquisition of Putnam Investments from Great-West Lifeco for $925 million.
Source: ai-cio.com
Franklin Templeton to Acquire Putnam for $925 Million
The deal would boost Franklin’s defined contribution asset management to $90 billion in AUM, while Great-West, parent of Empower, will gain a stake in Franklin.
Source: planadviser.com
Franklin to Add Retirement AUM With Putnam Acquisition
Great-West, parent of Empower, will shed its asset management division but gain a 6.2% stake in Franklin.
Source: plansponsor.com