Franklin Templeton Investments appoints new S-E Asia head

FRANKLIN Templeton Investments on Monday said that Adam Quaife will assume the role of regional head of South-east Asia and co-CEO of Singapore, with effect from Feb 17.

He reports to Mark Browning, managing director for the Asia-Pacific, and will be responsible for leading the firm's retail and institutional distribution efforts across the region.

Mr Quaife replaces Stephen Grundlingh in this role, as Mr Grundlingh has moved to the firm's headquarters in San Mateo, California to take on a newly created global position as channel head of institutional strategy.

Previously, Mr Quaife was responsible for leading and developing the company's retail and institutional businesses in central and eastern Europe and the Middle East (CEEME), as well as addressing many established and emerging retail opportunities in key markets that include Poland, Hungary, Greece, Romania, United Arab Emirates, Saudi Arabia, Qatar and Kuwait.

Said Mr Browning: "With growing wealth, positive demographics and deepening capital markets, South-east Asia represents a wealth of untapped opportunities in the asset management sector.

"Adam's strengths as a leader, his deep understanding of our businesses and his strong experience in various international markets working with some of the world's largest sovereign wealth funds, ideally position him to head our efforts in South-east Asia."