Western Asset Management Company Pte Ltd (Singapore)


Western Asset Management Company Pte Ltd is a large advisory firm based in Singapore. It manages $4.58 billion of regulatory assets for 34 client accounts. It has been registered with the SEC as an adviser since 2006.

Western Asset Management Company Pte provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Western Asset Management Company Pte: assets under management

The assets under management (AUM) of Western Asset Management Company Pte Ltd is $4.58 billion. The firm's AUM has grown by 163% since the beginning of its operation, and $4.58 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $4.04 billion in discretionary accounts and $537.36 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $134.67 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $134.34 million.

Investments

The firm invests in sovereign bonds the most. They account for 53% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Western Asset Management Company Pte Ltd for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jillian Avis Kathryn Smith serves?

The firm provides services to insurance companies, charitable organizations, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Jillian Avis Kathryn Smith is pooled investment vehicles with 6 clients and $2.27 billion of assets under management. Among the 6 most similar advisory firms, Western Asset Management Company Pte has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $4.58 billion for 18 clients. 100% of the firm’s clients are foreign persons or businesses.

Western Asset Management Company Pte doesn't advise any private funds.

Careers at Western Asset Management Company Pte Ltd

The company employs 23 people that are either part- or full-time employees. 22 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Jillian Avis Kathryn Smith has been acting as President since 1 Jan 2004. Michael Dale joined the executive team most recently as the Chief Executive Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Jillian Avis Kathryn Smith Director 1 Jan 2004 Other 5244593
Hui Kwoon Shirlean Thor Finance manager 1 Jan 2005 Other 5247152
Lm International Holding Lp Sole shareholder of applicant 1 Dec 2005 75% - 100% n/a
David Daniel Fleet Non-employee director 1 Oct 2006 Other 1435399
Timothy Charles Scheve Non-employee director 1 Oct 2006 Other 1319072
Peter Lanning Bain Non-employee director 1 Oct 2006 Other 4221890
Keith Cheang Secretary and chief compliance officer 1 Oct 2006 Other 5244592
Jeffrey Allen Nattans Non-employee director 1 Jul 2007 Other 2786221
Rajeev De Mello Chief executive officer and executive director 1 Sep 2007 Other 5433742
Ian Tan Secretary and chief compliance officer 1 Mar 2008 Other 5558694
Michael Baruch Zelouf Non-employee director 1 Jul 2009 Other 4388849
Ronald Richard Dewhurst Non-employee director 1 Jul 2009 Other 1590061
Lip Sin Alvin Lee Chief compliance officer 1 Jun 2010 Other 5813574
Lip Sin Alvin Lee Executive director and chief compliance officer 1 Jun 2011 Other 5813574
Brett Benjamin Canon Chief executive officer 1 Jun 2011 Other 3134918
Henry P Hamrock Chief executive officer 1 Oct 2011 Other 1842607
Charles Antony Ruys De Perez Non-executive director 1 Mar 2012 Other 4767182
Joseph Patrick Larocque Non-executive director 1 Sep 2014 Other 4363277
Laura A Boydston Non-executive director 1 Mar 2017 Other 4506017
Michael Dale Chief executive officer 1 Apr 2019 Other 7148134

Indirect Owners

The SEC currently registers 7 indirect owners.

Name Entity Date acquired Ownership Employer ID
Lm International Holding Lp Sole shareholder 1 Mar 2005 75% - 100% n/a
Llc Legg Mason International Holdings Ii Joint shareholder 1 Mar 2005 75% - 100% n/a
Inc. Legg Mason Sole shareholder 1 Mar 2005 75% - 100% 52-1200960
Inc. Legg Mason Sole shareholder 1 Dec 2005 75% - 100% 52-1200960
Legg Mason International Holdings Llc Joint shareholder 1 Dec 2005 50% - 75% n/a
Inc. Legg Mason Sole shareholder 1 Mar 2011 75% - 100% 52-1200960
Legg Mason Global Holdings Limited Joint shareholder 1 Mar 2011 50% - 75% n/a

Based in Singapore

The principal office where Western Asset Management Company Pte Ltd performs its advisory services is located at 1 George Street #23 01, Singapore, 049145, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 65-6428-3600 or by fax 65-6428-3700. The normal business hours are 8:30 - 5:30 on Monday - Friday. You can find more information about the New York firm at westernasset.com and its LinkedIn profile.