TORONTO, Nov. 7, 2023 /CNW/ - Franklin Templeton Canada today announced the
appointment of Andrew Ashton as
Chairman of the Board of Directors of Franklin Templeton Canada, effective
November 6, 2023. Ashton will take on
this expanded leadership role in Canada in addition to his current role as Head
of Americas (ex-US) Distribution, and will continue to report to
Adam Spector, Head of Global
Distribution for Franklin
Templeton.
A 20-year veteran of Franklin
Templeton, Ashton has served as a director of Franklin
Templeton Investments Corp. (the legal entity for Franklin Templeton Canada) since 2017. He has
headed the Americas (ex-US) region since 2016 and has had ultimate
responsibility for the firm's Canadian business since that
time.
"Canada is a key priority within our global business and
presents significant opportunities for growth, and Andrew's
leadership will continue to position us to best serve our clients
across the Canadian marketplace," said Spector. "With over two
decades of experience in distribution globally and seven years
overseeing our Canadian business, Andrew is well equipped to lead
our experienced team in Canada in
growing opportunities locally, while strengthening our ability to
deliver the full breadth of Franklin
Templeton's global investment expertise to clients in
Canada."
Canada is one of Franklin Templeton's largest country
businesses outside of the US by assets under management and has
potential for significant growth. The firm's expected acquisition
of Putnam Investments, which is pending fund shareholder approvals,
will open exciting new avenues for growth.
"I am excited to be taking on this expanded role in Canada, at a time when the firm is poised for
growth, and as we continue to introduce new capabilities from our
specialist investment managers," said Ashton. "I look forward
to working with our talented team across Canada to continue to best
align our capabilities and insights with the needs and interests of
our valued clients."
Duane Green, who has served as
Chairman, President and CEO of Franklin
Templeton Canada, is leaving the organization after 19 years
of dedicated service. The firm is grateful for his many
contributions throughout his tenure with Franklin Templeton Canada.
Ashton is supported by an experienced group of senior leaders in
Canada, who have an average of 20
years of experience with Franklin
Templeton.
In addition to Ashton's appointment, Dennis Tew, currently Head of Retail Sales,
Canada, has been appointed to the expanded role of Head of Sales,
Canada, and will now report directly to Ashton. Tew will oversee
retail, institutional and strategic account sales functions across
Canada.
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 150 countries. In Canada, the company's
subsidiary is Franklin Templeton Investments Corp., which operates
as Franklin Templeton Canada.
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 offers specialization
on a global scale, bringing extensive capabilities in fixed income,
equity, alternatives and multi-asset solutions. With more than
1,300 investment professionals, and offices in major financial
markets around the world, the California-based company has over 75 years of
investment experience and approximately US$1.4 trillion (approximately CAN$1.9 trillion)
in assets under management as of September
30, 2023. For more information, please visit
franklintempleton.ca and connect with Franklin Templeton on Twitter, Facebook and
LinkedIn, and read the Beyond Bulls & Bears blog.
Copyright © 2023. Franklin Templeton. All rights
reserved.
SOURCE Franklin Templeton Investments Corp.