Franklin Templeton, an US-based investment management holding, has announced two major executive appointments - Tariq Ahmad has been named the new chief of APAC, while Sandeep Singh will take over as the new head of CEEMEA & India.

 

This strategic initiative underscores the firm’s long-term commitment to serving central banks and sovereign wealth funds globally – a segment that currently represents a $30 trillion opportunity for Franklin Templeton.

 

As co-Heads of the newly created Global Official Institutions Group, Tariq and Sandeep, in their expanded roles, will focus on building and strengthening relationships with Official Institutions around the world. 

 

In addition to their current responsibilities, their remit will include developing tailored investment solutions aligned with the specific mandates and objectives of each institution in this segment, as well as delivering bespoke thought leadership, knowledge transfer and customised training programmes, said the US investment group in its statement.

 

Franklin Templeton has been serving official institutions for more than 30 years. 

 

The establishment of the Group reflects the firm’s belief in the growing significance of official institutions as long-term investors set to diversify their reserve currencies and asset classes, it stated. 

 

Both Tariq and Sandeep bring deep regional expertise and a strong record of partnership-building, which will be instrumental in driving the success of this important initiative, it added.-TradeArabia News Service