Mark Mobius to pass on his responsibilities
He will step down as Templeton emerging markets head; Stephen Dover to become CIO
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New York
MARK Mobius, a money-management icon who popularised emerging-markets investing, will pass on his responsibilities of overseeing the Templeton Emerging Markets Group to Stephen Dover as he steps down from day-to-day management.
Mr Dover will become chief investment officer (CIO) of the group and take over some of Mr Mobius's responsibilities on April 15, the company said in a statement.
