Franklin Templeton Fund Management Limited To Appoint Three Independent Board Directors

From Franklin Templeton Investments
Contact Saira Khan
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Franklin Templeton Fund Management Limited Appoints Three Independent Board Directors

London – 5 June 2019 – Franklin Templeton Fund Management Limited (FTFML) announces today the appointment of three independent non-executive directors (iNEDs) to its board.

In newly-created roles, Henrietta Jowitt, Antony John and David Brigstocke will join the FTFML board, subject to FCA approval. Their appointments fulfil the FCA requirement of appointing a minimum of two independent non-executive directors (iNEDs) to the boards of authorised fund management companies by September 2019, as anticipated by the FCA Asset Management Market Study1.

The three iNEDs will join five executive directors on the board, which is chaired by Martyn Gilbey, UK CEO of FTFML. Complementing the executive investment expertise on the board, the new iNEDs will use their extensive experiences to contribute to key areas of the business.

Commenting on the appointments, Martyn Gilbey said, “We are delighted to appoint three highly experienced directors to our board. Henrietta, Antony and David bring complementary skill sets covering core business areas, which will be instrumental in meeting our regulatory requirement and continuing to fulfil our fiduciary duty to our clients as we evolve our offering to deliver solutions which are aligned with the needs of investors.”

“By appointing three new iNEDs to our board, we have chosen to go beyond the minimum requirements of the regulator in the Asset Management Market Study. As asset managers continue to come under scrutiny to demonstrate value for money to the industry, we believe that a more diverse range of opinions and decision-makers is crucial to create better outcomes for investors over the long term,” added Martyn.

Biographies of Franklin Templeton Fund Management Limited iNEDs

David Brigstocke worked at JP Morgan Asset Management for 14 years, where he served as global Chief Financial Officer and Chief Administrative Officer, based in New York (2002 - 2014), and most recently as Chairman of JP Morgan International Bank based in London. Since leaving JP Morgan in 2016, he has worked in a number of consulting roles, in London and New York.

Antony John is currently one of four principals of Ilex Associates, a specialist asset management advisory boutique. He previously held roles across a number of asset management and investment companies, including as CEO of The ECU Group plc, CEO of FundQuest, and Executive Vice President at Lombard Odier.

Henrietta Jowitt is the Deputy Director General at the Confederation of British Industry (CBI), leading the Commercial team, and serves on its Executive Committee. Henrietta has 30 years’ experience in developing and implementing business, marketing and general management strategies, including for Schroders Plc, Advent International, and Cushman & Wakefield.

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Contacts:

Saira KhanJosh Sarson
Corporate Communications Manager Senior Director
Franklin Templeton Investments FTI Consulting
Cannon Place, 78 Cannon Street 200 Aldersgate Street
London EC4N 6HL London EC1A 4HD
Tel: 0207 073 8644 Tel: 020 3727 1593
Email: saira.khan@franklintempleton.co.uk Email: josh.sarson@fticonsulting.com

Notes to Editors:

1. Source: https://www.fca.org.uk/publication/policy/ps18-08.pdf

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization operating as Franklin Templeton. Franklin Templeton provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 170 countries. Through specialized teams, the company has expertise across all asset classes—including equity, fixed income, alternative and custom solutions. The company’s more than 650 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in over 30 countries, the California–based company has more than 70 years of investment experience and over $720 billion in assets under management as of April 30, 2019. 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.

Issued by Franklin Templeton Investment Management Limited (FTIML). FTIML is authorised and regulated in the United Kingdom by the Financial Conduct Authority.