Established in 1973, the Permal Group is one of the largest fund groups that offers global investment opportunities to investors. The company provides advisory, management and monitoring services its to clients. It has offices in New York, London and Singapore. The Permal Group is owned by Legg Mason, which is a holding company that provides asset management, securities brokerage, investment banking and related financial services through its various subsidiaries. It operates through more than 20 affiliates in over 10 states of the United States, as well as in Canada and England.