Masters in Business Jenny Johnson on Managing a Trillion-Dollar Firm
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Jul 7, 2023 
Jenny Johnson traces her rise through Franklin Templeton, from running auto finance to leading a global investment firm. She discusses landmark acquisitions, the cultures behind company-building, and how private credit, technology, and India are reshaping asset management. Plus, she shares family lessons on leadership and her outlook on markets, money funds, and active investing.
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Acquisition Strategy
- Franklin Templeton's acquisition strategy focuses on preserving the acquired firm's investment process and talent.
- They integrate other aspects of the business and leverage their scale to enhance the acquired firm's capabilities.
Acquisition Strategy
- Private markets are growing due to regulatory changes and companies staying private longer.
- Franklin Templeton's acquisition strategy focuses on filling product gaps (especially in private markets), enhancing distribution strength, and improving technology.
OSAM and Canvas
- Franklin Templeton acquired O'Shaughnessy Asset Management (OSAM) for its direct indexing product, Canvas.
- They see Canvas as a platform to express active management strategies, integrate tax optimization, and incorporate ESG overlays.