| From | Franklin Resources, Inc. |
| Contact | Dorine Johnson |
| Telephone | 0207 073 8538 |
London, 28 July 2020 – Franklin Templeton1 is pleased to announce the appointment of Julian Ide as Head of EMEA Distribution effective at the completion of Franklin Templeton’s acquisition of Legg Mason, which is expected on 31 July 2020. Edinburgh-based Ide will remain as CEO of specialist investment organisation, Martin Currie. He will report into the recently-announced Head of Global Advisory Services, Adam Spector.
Using his vast experience in the investment management industry, Ide will play a leading role in further developing the organisation’s distribution strategy and unlocking opportunities for growth in the EMEA region.
Ide commented: “I am delighted to be taking up my new role as Head of EMEA Distribution with Franklin Templeton alongside my continuing role as CEO, Martin Currie. Franklin Templeton is one of the world’s largest global asset managers with a strong investment focus, extensive value-add client partnerships and robust track records across many equity and fixed income asset classes. I am excited by the vision of the senior leadership team and the innovative culture to deliver an ambitious agenda in EMEA.”
Jenny Johnson, President and CEO of Franklin Templeton commented: “The acquisition of Legg Mason establishes Franklin Templeton as one of the largest independent, specialised global investment managers globally, with a newly-combined AUM that will be over $148 billion in the EMEA region. I would like to welcome Julian on board and congratulate him on his appointment. His strength as a leader and experience in international markets positions him well to lead our combined business in EMEA.”
Ide joined Martin Currie in May 2018 as Head of Distribution and Strategy, with responsibility for further broadening the firm’s global distribution capability across geographies and products. He has over 25 years of experience in the investment industry, including as CEO of Source (one of the largest independent ETF providers in Europe, sold to Invesco in 2017) and Old Mutual Global Investors. Ide has also held senior roles at several other firms, including Credit Suisse and ABN AMRO. He studied law at Cambridge University and has an LLB from Guildford Law School.
The core facets of Martin Currie will remain unchanged. Martin Currie will continue to have investment independence as well as institutional distribution and client service independence. The Martin Currie brand will continue as a strong presence in active equity management and the group will continue to look for ways to innovate, to improve its alpha generating capabilities and service to clients.
In addition, effective 1 August, Ide will be supported by a deep bench of experienced leaders.
- London-based Martyn Gilbey will continue to oversee the UK, Channel Islands, Ireland, Malta and Gibraltar. Gilbey’s distribution team will include Mark Dunn, Head of Wholesale; Dean Heaney, Head of Institutional and Alex Barry, Head of Strategic Clients who will join the team from Legg Mason.
- Paris-based Michel Tulle will continue to oversee distribution efforts in Continental Europe. Tulle will be further supported by Stefan Bauer, Country Head, Germany; Michele Quinto, Country Head Italy; Patrick Lutz, Country Head, Switzerland; Javier Villegas, Head of Distribution Iberia; Bérengère Blaszczyk, Head of Distribution France and Benelux and Mats Eltoft, Head of Distribution, Nordic region.
- Dubai-based Sandeep Singh will continue his role overseeing distribution efforts in Central, Eastern Europe, Middle East and Africa (CEEMEA). Singh’s direct reports will include Borno Janekovic, Head of Central and Eastern Europe; Amar Mehta, Retail Sales Director, Middle East and Africa; Khalid Murgian and Rabih Sultani, Institutional Sales Directors covering the MENA region.
- Frankfurt-based Matthew Williams will remain as Head of Institutional Sales EMEA for Franklin Templeton. Matt Head, Head of Institutional Client Service EMEA will continue to report to Williams.
- Dublin-based Penny Kyle will retain her responsibilities as Managing Director, Head Office at Legg Mason Investments (Ireland) and over time, will take on additional responsibilities as Head of Products, Marketing and Specialist Sales for Franklin Templeton in EMEA. Consequently, Caroline Baron, Head of ETF Sales EMEA and George Szemere, Head of Alternative Sales EMEA will both report into Kyle.
- London-based Caroline Carroll will oversee business strategy and data analytics in EMEA.
The landmark acquisition of Legg Mason will establish Franklin Templeton as one of the world’s largest independent, specialised global investment managers and will add differentiated capabilities to Franklin Templeton’s existing investment strategies, with modest overlap across multiple world-class independent investment organizations and distribution channels. The combined firm, with $1.4 trillion in assets under management, will bring added leadership and strength in core fixed income, active equities and alternatives—as well as an expansion of multi-asset solutions capabilities, a key growth area for the firm amid increasing client demand for comprehensive, outcome-oriented investment solutions.
- ENDS -
For more information please visit: www.franklintempleton.co.uk.
Contacts:
| DORINE JOHNSON | ERICA LEWIS |
|---|---|
| Deputy Head of Corporate Communications, Global | Senior Consultant |
| Franklin Templeton | FTI Consulting |
| Cannon Place, 78 Cannon Street | 200 Aldersgate Street |
| London EC4N 6HL | London EC1A 4HD |
| Tel: 0207 073 8538 | Tel: 020 3727 1514 |
| Email: [email protected] | Email: [email protected] |
Notes to Editors:
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization operating, together with its subsidiaries, as Franklin Templeton. Franklin Templeton’s goal is to deliver better outcomes by providing global and domestic investment management to retail, institutional and sovereign wealth clients in over 165 countries. Through specialized teams, the company has expertise across all asset classes, including equity, fixed income, alternatives and custom multi-asset solutions. The company’s more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With employees in over 30 countries, the California-based company has more than 70 years of investment experience and over $622 billion in assets under management as of June 30, 2020. For more information, please visit www.franklintempleton.co.uk.
This press release is intended to be of general interest only and does not constitute professional advice. Franklin Templeton and its management groups have exercised professional care and diligence in the collection and processing of the information in this press release. Franklin Templeton makes no representations or warranties with respect to the accuracy of this document. Franklin Templeton shall not be liable to any user of this report or to any other person or entity for the inaccuracy of information contained in this press release or for any errors or omissions in its contents, regardless of the cause of such inaccuracy, error or omission.
Any research and analysis contained in this document has been procured by Franklin Templeton for its own purposes. For more information, UK investors should contact: Franklin Templeton, Cannon Place, 78 Cannon Street, London EC4N 6HL. United Kingdom. Phone: 0800 305 306, Email [email protected].
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