Ben Barber Rejoins Franklin Templeton to Head Municipal Bond Team
February 26 2020 - 9:00AM
Business Wire
Sheila Amoroso to Retire after 34 Years with
the Firm
Franklin Templeton today announces that Ben Barber, who has most
recently served as co-head of municipal bonds at Goldman Sachs
Asset Management, will rejoin the firm to succeed Sheila Amoroso as
senior vice president, director of Municipal Bonds on April 27,
2020, overseeing $68 billion in municipal bond investments.
Sheila Amoroso, who is currently senior vice president, director
of Franklin Templeton Fixed Income’s municipal bond department, has
announced her plans to retire after 34 years of service. She will
work closely with Barber through a period of transition until her
retirement date of July 1, 2020.
Barber has over 28 years of industry experience, having started
his career in municipal bond investing with Franklin Templeton in
1991, working with several current investment team members,
including Amoroso, through 1999, when he joined Goldman Sachs. He
will be based in San Mateo, CA and will report to Sonal Desai, CIO,
Franklin Templeton Fixed Income.
“We are very thankful for Sheila’s more than three decades of
excellent service and wish her all the best in her retirement. She
has been a key partner to me in my role of CIO, and I am grateful
for the time we worked together,” said Desai, CIO, Franklin
Templeton Fixed Income. “As Sheila transitions we are very lucky to
have Ben back at Franklin Templeton, where he started his career.
He brings strong leadership experience to the municipal bond team
and our fixed income platform, and I couldn’t be more delighted to
have him on board.”
Under Amoroso’s steadfast leadership, Franklin Templeton’s
municipal bond group has become a premier municipal bond manager,
with a very stable and experienced team consisting of long-tenured
investment professionals that have maintained a consistent approach
and philosophy for managing municipal bond portfolios.
“I am excited to be returning to Franklin Templeton to join a
team of such talented investment professionals and helping to build
on the world class platform,” said Barber. “Our industry continues
to evolve right before us. I can see the commitment and enthusiasm
that is core to Franklin Templeton’s culture, and I look forward to
the opportunities that lie ahead.”
Franklin Templeton’s 31-member municipal bond team manages a
wide variety of single state and national municipal bond strategies
for investors in the US and beyond, via a comprehensive fund lineup
and separately managed accounts and institutional accounts.
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment
management organization operating 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 170 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 approximately $688 billion in
assets under management as of January 31, 2020.
Copyright © 2020. Franklin Templeton. All rights reserved.
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Franklin Templeton Corporate Communications: Stacey Coleman,
(650) 525-7458, stacey.coleman@franklintempleton.com Becky
Radosevich, (212) 632-3207,
rebecca.radosevich@franklintempleton.com
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