CONTACT
Franklin Templeton
Oliver Trenk
+49 69 27223-718
- The merger will enable Franklin Templeton to focus its efforts on the distribution of its global investment capabilities through its Luxembourg-domiciled SICAV range into Poland.
- Franklin Templeton enhances local asset management in Poland through ownership in Quercus
- Poland remains a strategic market for the firm in Eastern Europe.
London / Warsaw, 12 May 2025 – Franklin Templeton1 announced that it has entered into an agreement on cooperation to merge its local Polish entity, Templeton Asset Management (Poland) TFI S.A., the management company of its locally-domiciled UCITS funds with Quercus TFI S.A. 2 a leading independent Polish asset manager with USD 1.9 billion in AUM as of 30 April 2025. The completion of the merger is subject to customary closing conditions, including court and shareholder approvals. In connection with the transaction, Franklin Templeton and Quercus will enter into a strategic cooperation agreement and Franklin Templeton will become a 9% shareholder in Quercus TFI S.A. through a combination of shares issued in consideration of the merger and newly issued shares to be acquired by Franklin Templeton.
Sandeep Singh, Head of CEEMEA & India said: “The merger will allow us to better serve our Polish investors by focusing our efforts on distributing our global management capabilities while they gain broader access to local investment expertise with a leading Polish asset manager. In the future, we will focus our efforts on distributing our Luxembourg-domiciled fund range to Polish investors. We are delighted that in Quercus we have found a strategic local partner with the scope to leverage our global strategies whenever appropriate. Through the merger, we are excited to expand our current cooperation with Xelion, a leading independent distribution platform which is 75% owned by Quercus and has approximately 160 financial advisers.”
He added: “Poland remains a key strategic market for our Eastern Europe business, and we maintain a sizeable employee base in Poznan.”
Sebastian Buczek, CEO and main shareholder of Quercus TFI S.A said: “We are thrilled to have Franklin Templeton, one of the world’s largest asset managers, as a substantial shareholder in Quercus. We hope this partnership will strengthen our market position and accelerate our growth, especially through expanding relationships with the largest Polish banks. In addition, Franklin Templeton’s Luxembourg-domiciled flagship funds will add greater diversity to our product offerings.”
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Contacts:
|
Oliver Trenk Sr. Regional Corporate Communications Manager Franklin Templeton Mainzer Landstraße 16 60325 Frankfurt Tel: +49 69 27223-718 Email: [email protected] |
Dorine Johnson Head of Corporate Communications EMEA Franklin Templeton Cannon Place, 78 Cannon Street London EC4N 6HL Tel: 0207 073 8538 Email: [email protected] |
Notes to Editors:
- Franklin Resources, Inc. [NYSE:BEN] is a global investment management organisation with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialisation on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and $1.53 trillion in assets under management as of 30 April 2025. For more information, please visit www.franklintempleton.co.uk and follow us on LinkedIn, X, and Facebook.
- Quercus TFI S.A. is a leading independent asset manager in Poland with AUM of USD 1.9b. Quercus TFI S.A. focuses on Polish private banking and institutional clients. The company has been listed on the Warsaw Stock Exchange since 2008.
This press release is intended to be of general interest only and does not constitute professional advice. Franklin Templeton and its management groups have exercised professional care and diligence in the collection and processing of the information in this press release. Franklin Templeton makes no representations or warranties with respect to the accuracy of this document. Franklin Templeton shall not be liable to any user of this report or to any other person or entity for the inaccuracy of information contained in this press release or for any errors or omissions in its contents, regardless of the cause of such inaccuracy, error or omission.
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