Duane Green Continues in Current Role as
President and CEO of Franklin Templeton
Canada
Andrew Ashton Expands his Current Role of
Americas Ex-US Distribution Head
TORONTO and SAN MATEO, CA, July 27,
2020 /CNW/ - As the deal completion for its acquisition
of Legg Mason approaches, expected
for July 31, 2020, Franklin Templeton outlines new opportunities
and reaffirms the go-forward leadership structure for its Canada
business.
With this acquisition, differentiated capabilities will be added
to Franklin Templeton's existing
investment strategies, with modest overlap across multiple
world-class specialist investment managers and distribution
channels. The combined firm 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.
"The acquisition of Legg Mason
will establish Franklin Templeton as
one of the world's largest independent asset managers, with
US$1.4 trillion in assets under
management globally," said Jenny
Johnson, President and CEO of Franklin Templeton.
A 16-year veteran of the firm, Duane
Green will continue as President and CEO of Franklin Templeton Canada, with responsibility
for all aspects of the Canada business. He will continue to report
to Andrew Ashton, CFA, Head of
Americas ex-US Distribution, which includes Canada, Latin America and Americas Offshore. Ashton
will take on additional responsibility for marketing and product
strategy across the region, and he will report to the newly
announced EVP, Head of Global Distribution, Adam Spector.
Johnson added, "Andrew Ashton's
demonstrated leadership in various country and regional roles in
his more than two decades with our firm—most recently with Americas
ex-US for the past four years—uniquely positions him to continue to
grow our Americas ex-US business, of which Canada is an integral
part. Throughout their long tenure with our firm, both Andrew and
Duane have maintained an unwavering focus on serving clients, which
will continue to be crucial following this large-scale
acquisition."
Ashton said, "With this acquisition, we will have an unmatched
collection of specialist investment managers with deep investment
expertise globally across asset classes for all types of
clients. With Duane at the helm of our Canadian business for the
last three years, a 'new' Franklin
Templeton in Canada has
emerged, with a clear focus on understanding clients' challenges
and providing them with tools to help Canadian investors build
portfolios and plan for their future financial security."
Green said, "We will continue to focus on building strong
partnerships with plan sponsors, consultants, advisors and other
key intermediaries, and providing them with better communication,
thought leadership and education to help them build their business.
Our firm also maintains a steadfast commitment to providing
high-quality investment solutions at competitive fees to help
Canadian investors meet their financial goals."
Green, who also continues to serve as President and CEO of
Fiduciary Trust Company of Canada, a federally licenced trust
company and private wealth boutique, joined Franklin Templeton Canada in 2004 and has held
distribution leadership roles in Canada. He had previously served as Managing
Director - Canada, with responsibility for Canada's retail,
institutional and high net worth distribution business.
Ashton joined Franklin Templeton
in 1997 and has held distribution leadership roles in Central &
Eastern Europe, Middle East and Africa (CEEMEA) and Asia. Prior to his current role, he headed the
firm's global financial institutions group, with responsibility for
strategic partnerships with global investment consultants and
financial institutions, covering key gatekeepers and investment
research teams across the full spectrum of Franklin Templeton's client partnerships around
the globe.
About Franklin
Templeton
Franklin Templeton Investments Corp. (known as Franklin Templeton Canada) is a subsidiary of
Franklin Resources, Inc. [NYSE:BEN], 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 US$622 billion (over C$845
billion) in assets under management as of June 30, 2020. For more information, please
visit franklintempleton.ca.
Connect with Franklin Templeton
Canada on Twitter, Facebook and LinkedIn and
read the Beyond Bulls & Bears blog featuring perspectives
from Franklin Templeton investment
professionals around the world.
Copyright © 2020. Franklin Templeton. All rights
reserved.
SOURCE Franklin Templeton Investments Corp.