Franklin Templeton Appoints Jeff Masom to Head of US Distribution
July 29 2020 - 1:30PM
Business Wire
Franklin Templeton today announced the appointment of Jeff
Masom, CFA®, as Head of US Distribution, overseeing US retail and
institutional distribution, including US marketing and product
strategy, reporting to the recently announced Head of Global
Distribution, Adam Spector. Masom will join the firm August 31,
2020 and be based in Baltimore, MD.
“The acquisition of Legg Mason will establish Franklin Templeton
as one of the world’s largest independent asset managers, both in
the US and globally,” said Jenny Johnson, President and CEO of
Franklin Templeton. “Jeff Masom’s demonstrated leadership, and
depth of experience in various aspects of US distribution over the
past decades, position him ideally to lead and grow our US retail
and institutional business, that will have a combined AUM of over
$1 trillion, after deal close. His client-centric focus will help
us continue to deliver the exemplary service our clients have come
to expect from us.”
Masom most recently served as Global Head of Institutional
Distribution with RBC Global Asset Management in Boston since 2018,
following his prior role as Senior Managing Director and Head of US
Sales for Legg Mason. During his 20-year tenure with Legg Mason, he
held various distribution roles and made key impacts in the areas
of product innovation and retirement solutions. He had direct
oversight of all national account channels, including retail
national accounts, DCIO, sub-advisory, private bank, RIA, bank
trust, family office and parts of the institutional
marketplace.
“I am very excited to join Franklin Templeton at this critical
juncture, to lead the US business for the newly combined
organization. I look forward to working with the talented US
distribution team coming together from across both Franklin
Templeton and Legg Mason—where I have spent the majority of my
career—to drive the business forward,” said Masom. “The combined
footprint of the organization creates an expansive investment
platform that is well balanced between institutional and retail
client assets under management and a strong separately managed
account business.”
The acquisition, expected to close on July 31, 2020, will add
differentiated capabilities to Franklin Templeton’s existing
investment strategies, with modest overlap across multiple
world-class specialist investment managers 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.
Masom is a CFA® charterholder and holds a J.D. from Delaware Law
School and a degree in business administration and management from
Elizabethtown College.
About Franklin Templeton
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
franklintempleton.com.
Copyright © 2020. Franklin Templeton. All rights reserved.
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version on businesswire.com: https://www.businesswire.com/news/home/20200729005829/en/
Corporate Communications: Stacey Coleman, (650) 525-7458,
stacey.coleman@franklintempleton.com Rebecca Radosevich, (212)
632-3207, rebecca.radosevich@franklintempleton.com
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