Franklin Templeton Investments has appointed a new Regional Head of Southeast Asia and Co-CEO of Singapore.

Adam Quaife will be responsible for leading the firm’s retail and institutional distribution efforts across the region, the firm said on Monday. He will report to Mark Browning, Managing Director for Asia Pacific,

Quaife will replace Stephen Grundlingh in this role, as 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, Quaife was responsible for leading and developing the company’s retail and institutional businesses in Central and Eastern Europe and Middle East (CEEME). He also spent several years with Franklin Templeton in the Asia Pacific region.

He spearheaded Australia’s Advisory Services and retail operation with the opening of the Sydney office in 2004, before taking over as Sales Director and Head of Institutional for Australia and New Zealand in 2008.

A Wealth Of Untapped Opportunities

Prior to joining Franklin Templeton’s institutional business in London in 2002, Quaife held business development positions at AXA and Colonial First State.

Since his relocation from Dubai to Singapore at the end of last year, Quaife has been working closely with Grundlingh to ensure a smooth transition of responsibilities.

«With growing wealth, positive demographics and deepening capital markets, Southeast Asia represents a wealth of untapped opportunities in the asset management sector,» said Browning.