Great-West Lifeco sells Putnam Investments to Franklin Templeton for $1.8B
Great-West Lifeco, the parent company of Canada Life, has sold global investment firm Putnam Investments to Franklin Templeton for a potential value of $1.8 billion. The deal, which is expected to close in the fourth quarter of 2023, will see Franklin Templeton acquire Putnam’s $170 billion in assets under management. Putnam has offices in Boston,…