S4 | Episode 4: Applying the Optimizer Function to Asset Management with Daniel Gamba, Co-Preside...

So, what we are doing is we are creating this platform from a client perspective that is called Franklin Templeton. It is a platform. We need to also become more simpler as we deal with client.

We want the client experience to be the same if he's coming directly from Franklin or if he's coming from other, if you want some of the investment capabilities that we have at Franklin Templeton. So, we want much unique client experience and then we also want that the experience goes through also the contracting process, also the reporting process which as you know is very, very complex, the reporting process, and then the engagement process. They all need to be much more consistent, cohesive, and coming from this central process.

But, that has nothing to do with us not respecting each of the underlying investors and experts that we have in each of these teams. So, we're basically working with them. They're keeping their capabilities together.

We're just trying to become a much more holistic one Franklin Templeton proposal so that then, especially when you go to these largest opportunity set, everybody will be playing together. I'm a big believer, John, that we are in a better place than having to do a partnership with somebody from outside because you can create a public and private market solution or you can create a private credit solution from two or three of these capabilities that we have. By bringing co-PMs together to look at where is the allocation should be higher and where do you have the opportunity to actually leverage one other's capabilities.

So, if they're part of Franklin, they are starting to work together on insights that will make them create the best solution for clients. So, I call that co-PMs in creating public and private markets.