Western Asset is one of the world's leading investment management firms. Its primary business is managing fixed-income portfolios, an activity the firm has pursued since 1971. From offices in Pasadena, New York, Sao Paulo, London, Zurich, Singapore, Hong Kong, Tokyo and Melbourne, Western Asset's 835 employees perform investment services for a wide variety of global clients. The Firm's clients include charitable, corporate, health care, insurance, mutual fund, public and union organizations and client portfolios range across an equally wide variety of mandates, from money markets to emerging markets. As of December 31, 2019, Western Asset’s client base totals 397, representing 37 countries, 949 accounts, and $460 billion in assets under management.