- July 4, 2010:
Franklin Resources, Inc. (operating as Franklin Templeton Investments) (NYSE: BEN) today announced that Andrew Ashton has been named Senior Director and Regional Head – CEEMEA, Franklin Templeton Investments with immediate effect. In this role, Ashton will be responsible for providing leadership and developing the firm’s retail and institutional businesses across the CEEMEA (Central & Eastern Europe, Middle East & Africa) region. Based in Dubai – United Arab Emirates, Ashton will report to Vivek Kudva, Managing Director – India and CEEMEA, Franklin Templeton Investments.
Commenting on Ashton’s appointment, Kudva said: “Franklin Templeton has been focusing on the growth opportunities in international markets for several years. Andrew’s appointment reflects our strong belief in the potential of further developing Franklin Templeton’s businesses in the CEEMEA region.”
“I believe the emerging and frontier markets of the CEEMEA region have the potential to grow at a relatively faster pace than most developed economies. We have already established a strong presence in 30 countries in the region. Our investment management groups offer truly distinct areas of expertise and our diversified investment solutions offer a wide choice to retail and institutional investors, enabling us to continue building the right platform for sustainable growth through market cycles”, said Ashton.
Prior to taking on his new role, Ashton was CEO and President of Franklin Templeton Investment Trust Management Company Korea for four years, responsible for managing Franklin Templeton’s Korean asset management business. Ashton has over 15 years experience in the financial services industry. He holds a B.A. Business Studies (UK) and an M.B.A. (with distinction) from Edinburgh University Management School, Scotland.
Franklin Templeton Investments is one of the largest foreign asset management firms in India and the CEEMEA region, offering a wide range of funds to retail and institutional investors. Following the opening of the first two offices in the region in India and South Africa in 1995, the company opened an office in Poland in 1997 and in the UAE in 2000, adding to Franklin Templeton’s network of over 30 offices around the world.
Franklin Resources, Inc. [NYSE:BEN], is a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and over US$572 billion in assets under management as of 31 May 2010.