, chief executive of Legg Mason
is a busy man.
Sullivan, to whom Motley Fool recently gave accolades
has completed a deal
to acquire the nearly $10 billion AUM Edinburgh-based international equity specialist Martin Currie
The terms of the deal were not disclosed.
is a 130-year old boutique specializing in global emerging markets, Asian, European and global equities, according to Legg. It also has strategies devoted to Japanese and Chinese markets.
The shop, which has 46 professionals, will become "core independent investment affiliate of Legg Mason, along with Brandywine Global, ClearBridge Investments, The Permal Group, QS Investors, Royce & Associates and Western Asset Management," according to a company statement.
Sullivan has been an active acquirer over the past year, negotiating a deal to buy the New York quant shopQS Investors in March
, which is being integrated with Legg's Boston-based Batterymarch Financial Management
, as well as Legg Mason Global Asset Allocation
This is not Sullivan's first foray into England. Legg and its affiliate Permal acquired the London-based Fauchier Partners
in March 2013.
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