Clients
Western Asset Management Company Limited serves 35 clients, 12 of them pooled investment vehicles. The average client has about $574 million with the firm.
- Pooled investment vehicles12 clients8%
- Charitable organizations5 clients3%
- State or municipal government entities3 clients7%
- Insurance companies1 clients5%
- Sovereign wealth funds and foreign official institutions8 clients70%
- OtherCorporations and other businesses, Pension and profit-sharing plans7%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Investment companies | 1 | $0 | 0.0% | $0 |
| Pooled investment vehicles | 12 | $1,650,893,243 | 8.2% | $137.6M |
| Pension and profit-sharing plans | 2 | $277,215,879 | 1.4% | $138.6M |
| Charitable organizations | 5 | $602,845,157 | 3.0% | $120.6M |
| State or municipal government entities | 3 | $1,357,912,235 | 6.8% | $452.6M |
| Insurance companies | 1 | $941,982,782 | 4.7% | $942.0M |
| Sovereign wealth funds and foreign official institutions | 8 | $14,149,228,118 | 70.4% | $1.77B |
| Corporations and other businesses | 3 | $1,114,121,798 | 5.5% | $371.4M |
| Total | 35 | $20,094,199,212 | 100% | $574.1M |
- Clients
- 1
- Regulatory AUM
- $0
- Share
- 0.0%
- Avg. per client
- $0
- Clients
- 12
- Regulatory AUM
- $1,650,893,243
- Share
- 8.2%
- Avg. per client
- $137.6M
- Clients
- 2
- Regulatory AUM
- $277,215,879
- Share
- 1.4%
- Avg. per client
- $138.6M
- Clients
- 5
- Regulatory AUM
- $602,845,157
- Share
- 3.0%
- Avg. per client
- $120.6M
- Clients
- 3
- Regulatory AUM
- $1,357,912,235
- Share
- 6.8%
- Avg. per client
- $452.6M
- Clients
- 1
- Regulatory AUM
- $941,982,782
- Share
- 4.7%
- Avg. per client
- $942.0M
- Clients
- 8
- Regulatory AUM
- $14,149,228,118
- Share
- 70.4%
- Avg. per client
- $1.77B
- Clients
- 3
- Regulatory AUM
- $1,114,121,798
- Share
- 5.5%
- Avg. per client
- $371.4M
Total
- Clients
- 35
- Regulatory AUM
- $20,094,199,212
- Share
- 100%
- Avg. per client
- $574.1M
What it does
Western Asset Management Company Limited provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
Western Asset Management Company Limited advises no private funds.
100.0% of assets ($20.09B across 34 accounts) are managed with discretion. 95% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Funds1%
- Bonds87%
- Investment grade corporate bonds40%
- Sovereign bonds28%
- U.S. government and agency bonds18%
- High-yield corporate bonds1%
- Cash5%
- Other7%
- Asset-backed and agency mortgage-backed securities7%
Custodians
Western Asset Management Company Limited’s client accounts are held mainly at Bank of New York, with 61% of managed assets, and State Street Bank & Trust, with 13%. Western Asset Management Company Limited does not have custody of client assets.
- Northern TrustNorthern Trust Co. · London · $2.47B12%
- State Street Bank & TrustState Street Bank & Trust Co. · London · $2.54B13%
- Bank of New YorkBank of New York · London · $12.24B61%
- All other custodians$2.84B14%
Ownership and leadership
Legg Mason Global Holdings LTD. owns 75% or more of Western Asset Management Company Limited, and Andrew Ashton is its CEO.
- Owns 75% or more of Western Asset Management Company Limited
Legg Mason Global Holdings LTD.
Control person · since July 2021
- Owns 75% or more of Legg Mason Global Holdings LTD.
Etp Holdings (cayman) Limited
Control person · since July 2021
- Owns 75% or more of Etp Holdings (cayman) Limited
Templeton International, Inc.
Control person · since July 2021
- Owns 75% or more of Templeton International, Inc.
Templeton Worldwide, Inc.
Control person · since July 2021
- Owns 75% or more of Templeton Worldwide, Inc.
Legg Mason, Inc.
Control person · since February 1996
- Owns 75% or more of Legg Mason, Inc.
Franklin Templeton, Inc.
Control person · since July 2020
Leadership
- Andrew AshtonDirector and Chief Executive Officer
- Jelena PetrovicChief Compliance Officer
- Michael BuchananCIO
- Connie FischerDirector of Portfolio Operations
- Courtney HoffmannDirector and Senior Executive Officer
- Annabel RudebeckDirector
- Euan WilsonDirector
Staff
- 27 employees
- 16 in advisory functions
Fees
Western Asset Management Company Limited is paid through a percentage of assets under management and performance-based fees.
Western Asset Management Company Limited’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Western Asset Management Company Limited has 0 offices, with 1 listed address with no US state reported.
Registration details
- Legal name
- Western Asset Management Company Limited
- Headquarters
- 10 Exchange Square, Primrose Street, London, United Kingdom EC2A 2EN
- Phone
- 011442074223000
- Website
- www.westernasset.com/uk
- SEC file
- 801-21068
- Structure
- corporation organized in United Kingdom
- Fiscal year end
- September
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Western Asset Management Company Limited have?
Western Asset Management Company Limited has 35 clients and manages $20.1 billion for them, as of September 2026. They include 12 pooled investment vehicles, 8 sovereign wealth funds and foreign official institutions and 5 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 September 2026
What services does Western Asset Management Company Limited offer?
Western Asset Management Company Limited provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Western Asset Management Company Limited use?
Western Asset Management Company Limited’s separately managed account assets are held at Bank of New York (London), with $12,243,160,000, State Street Bank & Trust Co. (London), with $2,542,820,000 and Northern Trust Co. (London), with $2,471,160,000. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 September 2026
How many financial advisors does Western Asset Management Company Limited have?
Western Asset Management Company Limited has 0 investment adviser representatives registered with state securities authorities, out of 27 employees, and 16 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Western Asset Management Company Limited invest in?
At the end of its last fiscal year, Western Asset Management Company Limited’s separately managed accounts held 40% investment grade corporate bonds, 28% sovereign bonds, 18% U.S. government and agency bonds, 7% asset-backed and agency mortgage-backed securities, 5% cash and equivalents, 1% high-yield corporate bonds and 1% registered funds (mutual funds, ETFs, BDCs). It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Western Asset Management Company Limited?
Western Asset Management Company Limited is owned through a chain of holding companies by Franklin Templeton, Inc. Its direct owner is Legg Mason Global Holdings LTD. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 16 September 2026
How does Western Asset Management Company Limited get paid?
Western Asset Management Company Limited is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file