More changes as Franklin Templeton looks to steady the ship

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In some important moves at Franklin Templeton Investments in Australia and New Zealand, the firm has made two senior appointments – one internal and one external – and has a new vacancy for a sales director to replace Christina Manonian, who is moving to Legg Mason.

Franklin Templeton’s new managing director, Matthew Harrison, who joined in January, has created the position of head of investment and consultant relations, to be filled by Amy Teh from Colonial First State. Stephanie Hukins, who currently looks after consultant relationships, will report to Teh, a spokesperson said.

In addition, Felicity Walsh has been promoted to head of ‘institutional and alternatives’, in charge of all institutional distribution. She was previously in charge of alternatives, such as K2 Advisors, having joined the firm in 2015.

Teh was previously national manager, strategy and implementation, at Colonial, where her new boss – Harrison – was general manager of distribution. Before that Teh was an investment analyst at Willis Towers Watson.

Meanwhile Manonian, currently visiting family and friends in the US, will start at Legg Mason at the end of July. An American who had worked for Franklin Templeton in Australia previously, she had returned from the US last year to the position of Australian institutional sales director after a period of considerable upheaval at the top of the local operation.

This included the resignation of Maria Wilton as managing director, who has continued on as an advisor, and the departures of Jim McKay, now the managing director of Warakirri Asset Management, and Charlie Levinge, an institutional sales manager, now at Grant Samuel Asset Management. Sam Mann, the driving force behind K2 Advisors, also left last year to set up his own business, Longreach Capital, under the umbrella of incubator and distributor Ironbridge Capital. K2, however, is a key client of Longreach.

As an aside, Maria Wilton, a prominent CFA in the Australian societies, has recently been appointed to the global board of governors of the CFA Institute. Fellow Australians Mark Lazberger, the chief executive of CFS Global Asset Management, and Heather Brilliant, New York-based head of the Americas for First State Investments, are also on the prestigious board.

– G.B.

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