David Bates Discusses Ops Challenges for Franklin Legg Deal with Ignites
Posted on Feb 25, 2020
David Bates was recently featured in Ignites to discuss the operational intricacies of the recent Legg Mason and Franklin Templeton deal. Up until now, the two firms have embraced different operational approaches, the former heavily embracing outsourcing and the latter building custom tech.
David noted that the merger provides an opportunity to strategize an entirely new approach to ops for the united organizations. "Day-one priorities are integration—whether it's eliminating redundancies and generating cost savings or…creating synergies and filling in gaps. But that does present an opportunity that firms could miss, to look more strategically about what the combined organization will look like and ensuring whatever they’re landing on will work long-term."