Skip to main content
MENU
Subscribe
  • Sign Up Free
  • LOGIN
  • Subscribe
  • Topics
    • Alternatives
    • Consultants
    • Coronavirus
    • Courts
    • Defined Contribution
    • ESG
    • ETFs
    • Face to Face
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Opinion
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Russia-Ukraine War
    • SECURE 2.0
    • Special Reports
    • White Papers
  • Rankings & Awards
    • 1,000 Largest Retirement Plans
    • Top-Performing Managers
    • Largest Money Managers
    • DC Money Managers
    • DC Record Keepers
    • Largest Hedge Fund Managers
    • World's Largest Retirement Funds
    • Best Places to Work in Money Management
    • Excellence & Innovation Awards
    • WPS Innovation Awards
    • Eddy Awards
  • ETFs
    • Latest ETF News
    • Fund Screener
    • Education Center
    • Equities
    • Fixed Income
    • Commodities
    • Actively Managed
    • Alternatives
    • ESG Rated
  • ESG
    • Latest ESG News
    • The Institutional Investor’s Guide to ESG Investing
    • ESG Sustainability - Gaining Momentum
    • Climate Change: The Inescapable Opportunity
    • Impact Investing
    • 2022 ESG Investing Conference
    • ESG Rated ETFs
  • Defined Contribution
    • Latest DC News
    • DC Money Manager Rankings
    • DC Record Keeper Rankings
    • Innovations in DC
    • Trends in DC: Focus on Retirement Income
    • 2022 Defined Contribution East Conference
    • 2022 DC Investment Lineup Conference
  • Searches & Hires
    • Latest Searches & Hires News
    • Searches & Hires Database
    • RFPs
  • Performance Data
    • P&I Research Center
    • Earnings Tracker
    • Endowment Returns Tracker
    • Corporate Pension Contribution Tracker
    • Pension Fund Returns Tracker
    • Pension Risk Transfer Database
    • Future of Investments Research Series
    • Charts & Infographics
    • Polls
  • Careers
  • Events
    • View All Conferences
    • View All Webinars
    • 2023 Defined Contribution East
    • 2023 ESG Investing
Breadcrumb
  1. Home
  2. Best places to work
December 13, 2021 12:00 AM

ClearBridge relies on helping employees grow

Christine Williamson
  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print
    murphy-terrence-2014

    Terrence Murphy

    ClearBridge Investments LLC, an active global equity manager, helps its employees to thrive with a highly collaborative culture that focuses on encouragement, training and support.

    New York-based ClearBridge is one of five managers that have been winners in Pensions & Investments’ annual Best Places to Work in Money Management program for 10 straight years. This year, the firm ranked third among employers with between 100 and 499 employees.

    The firm became part of Franklin Resources Inc., San Mateo, Calif., in 2020 after its parent company, Legg Mason Inc., Baltimore, was acquired. ClearBridge’s move into Franklin Templeton, Franklin Resources’ money management unit, was “a fantastic transition because we completely retained our independence” and continue to operate under their own name as well as having access to good distribution, said Terrence Murphy, CEO of ClearBridge and executive vice president and head of equities of Franklin Templeton.

    “We moved away some time ago from a star-manager model to a co-manager and team-oriented approach to investment management, including a central research unit,” which has served the firm well, Mr. Murphy said.

    Related Article
    Best Places to Work 2021

    ClearBridge’s culture is goal-oriented and has a strong focus on mentoring junior employees, including extensive training ranging from improving presentation skills, management training to encourage and develop new leaders and performance management, he said.

    Training is part of “empowering individuals to manage their areas of expertise, and we ask them to think like entrepreneurs within the firm about their work. We are very transparent about the goals we set and how to achieve them,” Mr. Murphy said.

    Training and mentoring often leads 
to internal promotions, Mr. Murphy 
said, adding, “This is a great way to promote from within so analysts can move up to become portfolio managers, for example.”

    The chance for internal promotion also means the firm’s turnover is very low, Mr. Murphy said. In its most recent fiscal year, ClearBridge reported a 3% turnover rate as part of its Best Places to Work survey.

    Employees said they appreciate the effort ClearBridge expends on maintaining its companywide culture.

    “ClearBridge has a unique culture of inclusion and all my colleagues treat each other with care and respect. The company’s management team has the employees’ core interests in mind and 
all top managers are very open and accessible,” an employee commented in the survey.

    By way of attracting young people to consider a job in the investment industry, hopefully at ClearBridge, the firm offers both summer and winter break internships for college students and also is working to diversify its workplace. A Diversity Equity Inclusion Council has recommended broadening recruitment sources to find more employees with diverse backgrounds.

    As for fun and good health, ClearBridge hosts virtual wine tasting and cooking contests for employees and encourages them to eat well, providing nutrition training. The firm also reimburses employees who purchase produce from local farms up to $300.
    ClearBridge executives keep in touch with employees via quarterly virtual town halls with between 20 and 30 people at a time.

    “In a smaller group, people are more willing to engage and ask questions than they are in a larger group,” Mr. Murphy said.

    But Mr. Murphy himself makes it a point to be available to employees across the firm and has conversations with many over the course of the year.

    “My favorite thing about ClearBridge is talking, collaborating and working with employees. I really appreciate the encouragement we give each other,” he said. ClearBridge has grown significantly during the decade ended June 30 with assets under management increasing 261.6% to $198.5 billion as of June 30.

    Headcount has grown as well. At the end of June 2012, the firm had 157 employees. Currently, ClearBridge’s workforce totals 262.

    Related Articles
    Best Places to Work 2021 Winners
    Managers say the future of work is hybrid
    Recommended for You
    Dan Ariely
    In hybrid work, employees' intrinsic motivation is key, scientist says
    2022_Panel_BPTW_i.jpg
    Asset allocators want to hire fund managers with diverse workforces
    Roberta_Katz_BPTW_i.jpg
    Gen Z values flexibility, authenticity in workplace, keynote speaker says
    The Institutional Investor's Guide to ESG Investing
    Sponsored Content: The Institutional Investor's Guide to ESG Investing

    Reader Poll

    January 25, 2023
    SEE MORE POLLS >
    Sponsored
    White Papers
    Show Me the Income: Discovering plan sponsor and participant preferences for cr…
    The Future of Infrastructure: Building a Better Tomorrow
    Outlook 2023: Opportunity in a volatile world
    Research for Institutional Money Management
    View More
    Sponsored Content
    Partner Content
    The Industrialization of ESG Investment
    For institutional investors, ETFs can make meeting liquidity needs easier
    Gold: the most effective commodity investment
    2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios
    Ten ways retirement plan professionals add value to plan sponsors
    Gold: an efficient hedge
    View More
    E-MAIL NEWSLETTERS

    Sign up and get the best of News delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    Subscribe Today
    December 12, 2022 page one

    Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors.

    Subscribe
    Connect With Us
    • RSS
    • Twitter
    • Facebook
    • LinkedIn

    Our Mission

    To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market.

    About Us

    Main Office
    685 Third Avenue
    Tenth Floor
    New York, NY 10017-4036

    Chicago Office
    130 E. Randolph St.
    Suite 3200
    Chicago, IL 60601

    Contact Us

    Careers at Crain

    About Pensions & Investments

     

    Advertising
    • Media Kit
    • P&I Content Solutions
    • P&I Careers | Post a Job
    • Reprints & Permissions
    Resources
    • Subscribe
    • Newsletters
    • FAQ
    • P&I Research Center
    • Site map
    • Staff Directory
    Legal
    • Privacy Policy
    • Terms and Conditions
    • Privacy Request
    Pensions & Investments
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • Topics
      • Alternatives
      • Consultants
      • Coronavirus
      • Courts
      • Defined Contribution
      • ESG
      • ETFs
      • Face to Face
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Opinion
      • Partner Content
      • Pension Funds
      • Private Equity
      • Real Estate
      • Russia-Ukraine War
      • SECURE 2.0
      • Special Reports
      • White Papers
    • Rankings & Awards
      • 1,000 Largest Retirement Plans
      • Top-Performing Managers
      • Largest Money Managers
      • DC Money Managers
      • DC Record Keepers
      • Largest Hedge Fund Managers
      • World's Largest Retirement Funds
      • Best Places to Work in Money Management
      • Excellence & Innovation Awards
      • WPS Innovation Awards
      • Eddy Awards
    • ETFs
      • Latest ETF News
      • Fund Screener
      • Education Center
      • Equities
      • Fixed Income
      • Commodities
      • Actively Managed
      • Alternatives
      • ESG Rated
    • ESG
      • Latest ESG News
      • The Institutional Investor’s Guide to ESG Investing
      • ESG Sustainability - Gaining Momentum
      • Climate Change: The Inescapable Opportunity
      • Impact Investing
      • 2022 ESG Investing Conference
      • ESG Rated ETFs
    • Defined Contribution
      • Latest DC News
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • Trends in DC: Focus on Retirement Income
      • 2022 Defined Contribution East Conference
      • 2022 DC Investment Lineup Conference
    • Searches & Hires
      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Performance Data
      • P&I Research Center
      • Earnings Tracker
      • Endowment Returns Tracker
      • Corporate Pension Contribution Tracker
      • Pension Fund Returns Tracker
      • Pension Risk Transfer Database
      • Future of Investments Research Series
      • Charts & Infographics
      • Polls
    • Careers
    • Events
      • View All Conferences
      • View All Webinars
      • 2023 Defined Contribution East
      • 2023 ESG Investing