Exhibit 21
List of Significant Subsidiaries
Name of Subsidiary | State (Jurisdiction) or Incorporation or Organization |
Batterymarch Financial Management, Inc. | Maryland |
Brandywine Global Investment Management, LLC | Delaware |
ClearBridge Advisors, LLC | Delaware |
ClearBridge Asset Management Inc. | Delaware |
Global Currents Investment Management, LLC | Delaware |
Legg Mason & Co., LLC | Maryland |
Legg Mason Capital Management, Inc. | Maryland |
Legg Mason International Holdings, LLC | Delaware |
Legg Mason Investment Counsel & Trust Company, National Association | USA |
Legg Mason Investment Counsel, LLC (1) | Maryland |
Legg Mason Investor Services, LLC | Delaware |
Legg Mason Partners Fund Advisor, LLC | Delaware |
Legg Mason Private Portfolio Group, LLC | Delaware |
LMM LLC | Delaware |
PCM Holdings I, Inc. | Delaware |
PCM Holdings II, LLC | Delaware |
Private Capital Management, L.P. (6) | New York |
Carnes Capital Corporation (2) | New York |
Royce & Associates, LLC | Delaware |
Royce Fund Services, Inc. (7) | New York |
Royce Management Company, LLC (7) | New York |
Smith Barney Fund Management LLC | Delaware |
Western Asset Management Company | California |
3040692 Nova Scotia Company | Canada |
Legg Mason Canada Holdings Ltd. (3) | Canada |
Legg Mason Canada Inc. (8) | Canada |
Legg Mason Investments (Luxembourg) S.A. (4) | Luxembourg |
Legg Mason Funding Limited | Cayman Islands |
Legg Mason Global Holdings Limited | Cayman Islands |
Permal Group Ltd (13) | England and Wales |
LM International Holding LP (5) | Cayman Islands |
Legg Mason International Equities Limited (9) | England and Wales |
Legg Mason Asset Management Hong Kong Limited (9) | Hong Kong |
Legg Mason Investments (Hong Kong) Limited (9) | Hong Kong |
Legg Mason International Equities (Singapore) Pte Ltd. (9) | Singapore |
Western Asset Management Company Pte Ltd. (9) | Singapore |
Western Asset Management (UK) Holdings Limited (9) | England and Wales |
Western Asset Management Company Limited (11) | England and Wales |
LM Holdings Limited (9) | England and Wales |
Legg Mason (UK) Holdings Plc (10) | England and Wales |
Legg Mason Investments Holdings Limited (12) | England and Wales |
Brandywine Global Investment Management Europe (9) Legg Mason Investment Funds Limited (9) | England and Wales England and Wales |
Legg Mason Investments (Europe) Limited (9) | England and Wales |
Legg Mason Holdings 2 Limited (9) | England and Wales |
Legg Mason & Co (UK) Limited (9) | England and Wales |
Legg Mason (Chile) Inversiones Holdings Limitada (9) | Chile |
Legg Mason Asset Management Australia Limited (9) | Australia |
Legg Mason Holdings (Australia) Pty Limited (9) Western Asset Holdings (Australia) Pty Limited (9) | Australia Australia |
(1) | Subsidiary of Legg Mason Investment Counsel & Trust Company, National Association |
(2) | Subsidiary of PCM Holdings I, Inc. |
(3) | Subsidiary of 3040692 Nova Scotia Company |
(4) | Subsidiary of Legg Mason, Inc. and Legg Mason International Holdings, LLC |
(5) | Subsidiary of Legg Mason International Holdings, LLC and Legg Mason Global Holdings Limited |
(6) | Subsidiary of PCM Holdings I, Inc. and PCM Holdings II, LLC |
(7) | Subsidiary of Royce & Associates, LLC |
(8) | Subsidiary of Legg Mason Canada Holdings Ltd. |
(9) | Subsidiary of LM International Holding LP |
(10) | Subsidiary of LM Holdings Limited |
(11) | Subsidiary of Western Asset Management (UK) Holdings Limited |
(12) | Subsidiary of Legg Mason (UK) Holdings Plc |
(13) | Subsidiary of Legg Mason Global Holdings Limited |