Corporate Overview - English

CORPORATE OVERVIEW
Legg Mason Global Asset Management is one of the
leading asset management firms in the world, serving
individual and institutional investors on six continents.
We are committed to helping clients reach their financial
goals through long-term, actively managed investment
strategies.
KEY FACTS
A diversified global asset management firm,
founded in 1899
AUM: US$709 BILLION1
By Asset Class1
Equity (28%)
Liquidity (20%)
Fixed Income (52%)
INDEPENDENT EXPERTISE
SINGULAR FOCUS®
Capability: Legg Mason brings together a family of
well-established investment managers
Independence: The subsidiaries are among the
industry leaders in their respective specialist areas and
use their unique investment approach to identify the
best opportunities
21st largest asset manager in the world2
Approximately 2,900 employees (including 360
investment professionals) with a global network
of 30 offices including New York, Miami, London,
Tokyo, Singapore, Hong Kong, Dubai, Melbourne
and São Paulo
Global coverage: A broad spectrum of equity, fixed
income, liquidity and alternative solutions to suit a wide
range of investment needs
Active: Focus on long-term, actively managed
strategies that create sustainable value and a balance
between risk and return
PRINCIPAL SUBSIDIARIES:
Brandywine Global (Global value investing)
ClearBridge Investments (Quality focused equity)
LMM (US equity)
Martin Currie (Active equity specialists)
Permal Group (Global alternative fund of funds)
QS Investors* (Systematic investment)
Royce and Associates (Small-cap equity)
Western Asset (Fixed income)
Q4 2014
Our subsidiaries firms are supported by global
distribution capabilities with strong local presence
in many countries and dedicated sales, client
service and marketing professionals
Global distribution capabilities with leading
partners, including banks, brokerage firms,
insurance companies and independent advisors
1
Source: Legg Mason, as at 31 December 2014.
Source: Pensions and Investments, as at 31 December 2013.
2
leggmason.com.hk
FOR PUBLIC IN HONG KONG AND DISTRIBUTORS IN MACAU USE ONLY.
PLEASE REFER TO THE IMPORTANT INFORMATION ON THE FINAL PAGE.
A GUIDE TO OUR PRINCIPAL SUBSIDIARIES
AND THEIR INVESTMENT CAPABILITIES
LEGG MASON:
A WEALTH OF HISTORY
1899
Brandywine Global (Global value investing)
A value specialist that focuses on global equity
and fixed income strategies. The firm is historically
institutionally-focused and combines a boutique’s
agility with a leader’s stability.
ClearBridge Investments
(Quality focused equity)
An equity manager focused on providing income
solutions, concentrated alpha and low volatility
portfolios.
LMM (US equity)
LMM
George Mackubin & Co (a predecessor of Legg
Mason & Co) is founded in Baltimore, USA
1962
Mason & Co is founded by Raymond A ‘Chip’
Mason
1970
Legg & Co merges with Mason & Co to form
Legg Mason, Inc
1982
Legg Mason establishes Legg Mason Fund
Adviser, Inc to manage the company’s flagship
fund
The specialist firm adheres to a value-driven, research
intensive investment process and focuses on
assessing the intrinsic business value of companies,
and strives to buy stocks at significant discounts to
LMM’s assessment of their worth.
1983
Martin Currie (Active equity)
Legg Mason acquires Western Asset
Management (originally founded in 1971)
An active equity specialist that builds global,
stock-driven portfolios based on fundamental
research, devoting all of its resources to delivering
optimum investment outcomes and superior client
relationships.
Permal Group (Global alternative fund of funds)
A pioneer in multi manager, multi strategy alternative
asset managers across global markets. The firm has
made investments in new and established hedge
fund managers across strategies, asset classes and
regions since 1973.
Legg Mason, Inc becomes a publicly traded
company and its stock is listed on the NYSE
1986
1996
Legg Mason acquires Batterymarch Financial
Management (originally founded in 1969)
1998
Legg Mason acquires Brandywine Global
(originally founded in 1986)
2001
QS Investors* (Systematic investment solutions)
Legg Mason acquires Royce & Associates
(originally founded in 1972) and Private Capital
Management
With a consultative approach to global asset
management, the firm applies complementary
behavioural and fundamental market insights to
manage portfolios with a repeatable, risk-aware
process. Strategies include global equities, liquid
alternatives, multi-asset and customised solutions.
2005
Legg Mason acquires Permal Group and
a substantial amount of Citigroup Asset
Management’s (CAM) worldwide asset
management business
Royce & Associates (Small-cap equity)
ClearBridge Investments, Esemplia Emerging
Markets, Legg Mason Hong Kong Asset
Management, Legg Mason Australian Equities
and local portfolio management expertise
in Poland established from former CAM
investment management expertise
Renowned for its disciplined, value-orientated
approach to managing US small-caps portfolios.
Western Asset (Fixed income)
One of the world’s leading fixed income managers,
renowned for its team management, proprietary
research and long-term fundamental value
approach.
*QS Investors is a brand comprises of QS Investors, LLC (QS), QS Batterymarch Financial Management,
Inc. (QS Batterymarch) and QS Legg Mason Global Asset Allocation, LLC (QS LMGAA).
2006
2013
Joseph A Sullivan named as President and CEO
of Legg Mason, Inc
2014
Legg Mason acquires QS Investors and
Martin Currie
Source: Legg Mason. This document is for information only and does not constitute a financial promotion or other financial, professional or investment advice in any way.
All data, opinions, estimates and other information are provided as of the date of this document and may be subject to change without notice. Where past performance
is quoted, such figures are not indicative of future performance. This document does not constitute an offer or solicitation to buy or sell any units or shares in any fund.
INVESTMENT INVOLVES RISKS. The value of investments and the income from them can go down as well as up and investors may not get back the amount originally
invested. Please refer to the most current offering documents for further details, including the risk factors.
If this document is distributed in Macau, this may not be used other than by the Distributors.
Any views expressed are opinions of the respective investment affiliates as of the date of this document and are subject to change without notice based on market and other
conditions and may differ from the views of other investment affiliates or of Legg Mason as a whole. These opinions are not intended to be a forecast of future events, a
guarantee of future results or investment advice. The mention of any individual securities should neither constitute nor be construed as a recommendation to purchase or
sell securities, and the information provided regarding such individual securities is not a sufficient basis upon which to make an investment decision.
Neither Legg Mason nor any officer or employee of Legg Mason accepts any liability whatsoever for any loss arising from any use of this document or its contents. The
information in this document is confidential and proprietary and may not be used other than by the intended user. This document may not be reproduced, distributed or
published without prior written permission from Legg Mason.
This document has not been reviewed by the Securities and Futures Commission in Hong Kong or Monetary Authority of Macao in Macau.
Issuer: Legg Mason Asset Management Hong Kong Limited.
HK1501032
FOR PUBLIC IN HONG KONG AND DISTRIBUTORS IN MACAU USE ONLY.

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