Exhibit 21
List of Significant Subsidiaries
Name of Subsidiary |
| State (Jurisdiction) of |
|
|
|
Bartlett & Co. |
| Ohio |
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 Funding Ltd |
| Cayman Islands |
Legg Mason Global Holdings Ltd |
| Cayman Islands |
Legg Mason International Holdings, LLC |
| Delaware |
Legg Mason International Holdings II, LLC |
| Delaware |
Legg Mason Investment Counsel & Trust Company, National Association |
| USA |
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 |
Royce & Associates, LLC |
| Delaware |
Smith Barney Fund Management LLC |
| Delaware |
Western Asset Management Company |
| California |
3040692 Nova Scotia Company |
| Canada |
Carnes Capital Corporation (1) |
| New York |
Legg Mason Canada Holdings Ltd. (2) |
| Canada |
Legg Mason Investment Counsel, LLC (3) |
| Maryland |
Legg Mason Investments (Luxembourg) S.A. (4) |
| Luxembourg |
LM International Holding LP (5) |
| Cayman Islands |
Permal Group Ltd (6) |
| England and Wales |
Private Capital Management, L.P. (7) |
| New York |
Royce Fund Services, Inc. (8) |
| New York |
Royce Management Company, LLC (8) |
| New York |
Legg Mason Canada Inc. (9) |
| Canada |
Legg Mason International Equities Limited (10) |
| England and Wales |
Legg Mason Asset Management (Singapore) Pte Ltd. (10) |
| Singapore |
Legg Mason Asset Management (Hong Kong) Limited (10) |
| Hong Kong |
LM Holdings Limited (10) |
| England and Wales |
Western Asset Management Company Pte Ltd. (10) |
| Singapore |
Western Asset Management (UK) Holdings Limited (10) |
| England and Wales |
Legg Mason (UK) Holdings Limited (11) |
| England and Wales |
Western Asset Management Company Limited (12) |
| England and Wales |
Legg Mason Investments Holdings Limited (13) |
| England and Wales |
Legg Mason Investments Limited (14) |
| England and Wales |
(1) Subsidiary of PCM Holdings I, Inc.
(2) Subsidiary of 3040692 Nova Scotia Company
(3) Subsidiary of Legg Mason Investment Counsel & Trust Company, National Association
(4) Subsidiary of Legg Mason, Inc. and Legg Mason International Holdings, LLC
(5) Subsidiary of Legg Mason International Holdings, LLC, Legg Mason Global Holdings Ltd and Legg Mason Funding Ltd.
(6) Subsidiary of Legg Mason Global Holdings Ltd
(7) Subsidiary of PCM Holdings I, Inc. and PCM Holdings II, LLC
(8) Subsidiary of Royce & Associates, LLC
(9) Subsidiary of Legg Mason Canada Holdings Ltd.
(10) Subsidiary of LM International Holding LP
(11) Subsidiary of LM Holdings Limited
(12) Subsidiary of Western Asset Management (UK) Holdings Limited
(13) Subsidiary of Legg Mason (UK) Holdings Limited
(14) Subsidiary of Legg Mason Investments Holdings Limited