Franklin Templeton Investments has appointed Citywire AAA-rated Andrew Ness as a portfolio manager for Franklin Templeton Emerging Markets Equity (FTEME).
He will join the firm on 17 September and report to Singapore-based Manraj Sekhon, chief investment officer for FTEME.
Edinburgh-based Ness will be a portfolio manager for the London Stock Exchange-listed Templeton Emerging Markets Investment Trust (TEMIT).
He will work alongside TEMIT lead portfolio manager Chetan Sehgal, who continues to serve as director of portfolio management for Global Emerging Markets (GEM) and small cap strategies for FTEME.
Over time, Ness will be named as a portfolio manager of additional GEM strategies.
The company’s spokesperson told Citywire Asia that additional portfolio management assignments will only be communicated after Ness joins the FTEME team.
Ness’ addition is part of FTEME team’s ongoing efforts to strengthen and build out investment resources.
Ness brings tremendous expertise to its GEM strategies, which is a key area of importance for the company’s emerging markets investors.
Ness joins from Martin Currie where he was a senior member of its global emerging markets equity team. He has over two decades of experience as an emerging markets equity portfolio manager.
Previously, he held similar roles for Scottish Widows Investment Partnership (SWIP) and Deutsche Asset Management, having begun his investment career at Murray Johnstone in 1994.
The FTEME group has over 80 investment professionals in 20 offices and about $40 billion in assets under management as of end-June.