In the dynamic landscape of global finance, few leaders have made as profound an impact as Jenny Johnson, the President and CEO of Franklin Templeton, a renowned global asset management firm with a staggering $1.5 trillion in assets under management and a presence in 30 countries. Johnson's journey to the helm of this financial powerhouse is nothing short of inspiring, marked by strategic acquisitions, industry recognition, and a commitment to democratizing alternative investments.
One of the defining moments of Johnson's tenure at Franklin Templeton was the audacious acquisition of Legg Mason Investments in 2020. This strategic move not only showcased her leadership acumen but also resulted in a remarkable 46% year-over-year surge in adjusted net income, reaching an impressive $1.9 billion in fiscal year 2021. This acquisition bolstered Franklin Templeton's position as a dominant player in the asset management arena.
Recognized for her remarkable achievements, Johnson was named the 2021 Financial Woman of the Year by the influential Bay Area women's networking and advocacy group, Financial Women of San Francisco. Moreover, she was a consistent presence on Barron's list of the 100 Most Influential Women in U.S. Finance for both 2020 and 2021, a testament to her enduring impact on the industry.
Johnson's affiliation with Franklin Templeton spans an impressive 30-year tenure. She has pivotal roles, overseeing the investment management, technology, distribution, and operations divisions before taking the reins as Chief Executive Officer in February 2020. Just four months into her leadership, the game-changing acquisition of Legg Mason further solidified Franklin Templeton's stature.
In 2021, Franklin Templeton continued its strategic expansion under Johnson's guidance, acquiring O'Shaughnessy Asset Management in September and Lexington Partners in November. These acquisitions transformed Franklin Templeton into one of the largest alternative investment managers, offering a diverse portfolio that includes real estate, private credit, secondary private equity, co-investments, and hedge fund strategies. Johnson's vision extends beyond traditional finance; she aims to make alternative assets accessible to a broader range of investors, democratizing opportunities that were once reserved for the ultra-wealthy.
At the helm of Franklin Resources, Johnson holds a dual role as President and CEO, overseeing all business operations. Her strategic vision sets long-term goals and drives corporate priorities, ensuring the continued success and growth of the organization. Her remarkable journey at Franklin Templeton, from COO to CEO, exemplifies her dedication and leadership prowess.
Johnson's contributions to the financial industry have not gone unnoticed. She has received numerous accolades, including being named one of Money Management Executive's Top Women in Asset Management in 2014 and earning the 2012 Robert L. Gould Award from the NICSA for her outstanding contributions to improving the mutual fund investor experience through customer service, thought leadership, and technology.
Johnson's impact extends beyond the boardroom. She is a dedicated board member of Riva Financial Systems, as well as a trustee at Crystal Springs Uplands School and a board member at Lucile Packard Children's Hospital. Her commitment to both the financial sector and her community underscores her dedication to making a positive difference.
Her legacy in the financial world will continue to inspire future generations of leaders and investors, driving innovation and inclusivity in the ever-evolving global finance environment.