One of Scotland’s oldest fund management names will disappear after Franklin Templeton decided to scrap the Martin Currie brand.

Founded in 1881, Edinburgh-based Martin Currie will be re-aligned with other parts of its parent company. The brand will be retired this year.

It ran as an independent equity specialist boutique until 2014, when it was acquired by Legg Mason which was then purchased by fund giant Franklin Templeton in 2020.

Martin Currie has operated within Franklin Templeton’s public market investments since 2023. In October of that year it announced that it promoted chief operating officer Jen Mair to chief executive.

She succeeded Julian Ide who moved into the newly created position of vice chair, EMEA for Franklin Templeton.

Now, the $18bn (€17bn) AUM investment manager will see the majority of its business put under Clearbridge Investments, a $193bn global equity manager which was also acquired in 2020.

One Martin Currie team will move under Franklin Equity Group, which manages $139bn, focused on long term quality growth stocks.  

There will be no changes to the investment teams or their processes, according to Citywire which first reported the story.

Franklin Templeton said it does not expect immediate changes to reporting lines. Martin Currie’s investment teams will continue to report to its CIO, Michael Browne. Browne will partner closely with Scott Glasser, CIO of ClearBridge and Jonathan Curtis, CIO of Franklin Equity Group.