Franklin Templeton Appoints Dr. Ben Meng as EVP and Chairman of Asia Pacific
July 12 2021 - 10:00AM
Business Wire
Dr. Meng Brings 20 Years of Investment
Expertise to Accelerate Franklin Templeton’s Growth Strategy in
Asia Pacific Region
Franklin Templeton today announced the appointment of Dr. Yu
(Ben) Meng as Executive Vice President and Chairman of Asia
Pacific, effective July 15, 2021. In this newly created role, Dr.
Meng will help drive Franklin Templeton’s Asia Pacific and global
growth strategy in partnership with the firm’s existing leadership.
He will report to President and CEO Jenny Johnson and serve on the
firm’s Executive Committee.
Dr. Meng’s appointment builds on Franklin Templeton’s strategy
to expand the reach and breadth of its investment offerings in the
Asia Pacific region, with a particular focus in private equity,
venture capital and other alternative asset capabilities. He will
also leverage his expertise gained from serving in top investment
roles at two of the largest asset owners in the world to help
expand the reach of Franklin Templeton’s tailored solutions it
provides to institutional clients globally.
“Expanding our alternative asset business and deepening our
overall commitment to the Asia Pacific region are key strategic
priorities for Franklin Templeton, and Ben is uniquely experienced
and positioned to lead important initiatives in the region,” said
Ms. Johnson. “He brings to Franklin Templeton a strong track record
for delivering results across a broad range of asset classes and
extensive experience and knowledge of the region. His approach to
asset and risk allocation, along with his belief in active
investment, align well with our investment philosophy, and we are
thrilled to welcome Ben to the Franklin Templeton family.”
“I have long respected Franklin Templeton’s business, its
long-term focus, and its collaborative, client-first culture and
global reach. I am excited to build upon the firm’s nearly 75-year
history and to be part of its next phase of growth in the Asia
Pacific region,” said Dr. Meng. “I look forward to working closely
with Jenny and the Franklin Templeton team to execute upon the
firm’s strategic priorities across the region.”
Dr. Meng previously served as Chief Investment Officer for the
California Public Employees Retirement System (CalPERS), where he
oversaw investment strategies for its over USD $460 billion1
multi-asset class portfolio. He also served as Deputy Chief
Investment Officer for the State Administration of Foreign Exchange
(SAFE), which manages over USD $3 trillion,2 including investments
in real estate, infrastructure, private equity and private
credit.
Dr. Meng holds a Master of Financial Engineering degree from the
Haas School of Business at the University of California at Berkeley
and a Ph.D. in Civil Engineering from the University of California
at Davis. He serves on the editorial board of the Journal of
Investment Management (JOIM) and frequently teaches at top business
schools globally. He is a member of the Council on Foreign
Relations and the Committee of 100.
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN], is a global investment
management organization with subsidiaries operating as Franklin
Templeton and serving clients in over 165 countries. Franklin
Templeton’s mission is to help clients achieve better outcomes
through investment management expertise, wealth management and
technology solutions. Through its specialist investment managers,
the company brings extensive capabilities in equity, fixed income,
multi-asset solutions and alternatives. With offices in more than
30 countries and approximately 1,300 investment professionals, the
California-based company has over 70 years of investment experience
and approximately $1.5 trillion in assets under management as of
May 31, 2021. For more information, please visit
franklinresources.com.
- CalPERS AUM - https://www.calpers.ca.gov/page/investments
- SAFE AUM - http://www.safe.gov.cn/en/ - click on "Data Template
on International Reserves and Foreign Currency" at the bottom
right, then click on "05" (the month of May) at the bottom left to
download an Excel file with the size of reserve as USD $3.36
trillion as of May 31, 2021.
Copyright © 2021. Franklin Templeton. All rights reserved.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210712005217/en/
Franklin Templeton Corporate Communications: Lisa Gallegos,
(510) 910-2023, lisa.gallegos@franklintempleton.com Stacey Coleman,
(650) 504-3230, stacey.coleman@franklintempleton.com
Franklin Resources (NYSE:BEN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Franklin Resources (NYSE:BEN)
Historical Stock Chart
From Apr 2023 to Apr 2024