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Franklin Templeton hires Malaysia head

Franklin Templeton hires Malaysia head

Global investment management organisation Franklin Templeton Investments said it has appointed Avinash Satwalekar as Malaysia country head and CEO of Franklin Templeton Asset Management, based in Kuala Lumpur.

Satwalekar has relocated to Kuala Lumpur from Ho Chi Minh City, Vietnam, to lead the firm’s retail and institutional distribution efforts across Malaysia, reporting to the regional head for Southeast Asia Adam Quaife.

He will continue his involvement with the company’s business in Vietnam, however, by serving as chairman of the board for Vietcombank Fund Management (VCBF), a joint venture between Franklin Templeton and Vietcombank, a joint stock commercial bank in Vietnam.

‘With its expanding middle class, healthy growth rates in unit trust penetration, as well as an established infrastructure for Islamic finance, Malaysia is a critical part of our growth strategy in Asia,’ said Mark Browning, managing director for Asia.

‘Avinash is well placed to manage our existing Malaysia business and to leverage the firm’s global offerings to serve clients across multiple distribution channels,’ Quaife added.

Satwalekar has over 20 years of experience at Franklin Templeton. He was previously the CEO and CIO for VCBF and oversaw the combined business and investment activities of the group. He served as the lead portfolio manager for the two funds domiciled in Vietnam since their respective inceptions in 2013 and 2014.

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