It has appointed a new head of Asia distribution for executive oversight of sales, marketing and product strategy efforts across Asia (excluding Japan, India and mainland China), and to oversee the execution of the firm's long-term growth strategy in the region.

Franklin Templeton has appointed Tariq Ahmad as head of Asia distribution, the investment management firm announced on Wednesday in a statement.

Ahmad brings more than 18 years of experience of leading investment businesses in Asia. He was previously director, head of Asia and CEO of Asia at Brandywine Global Investment Management – a specialist investment manager of Franklin Templeton.

Based in Singapore, Ahmad will report to Vivek Kudva, head of APAC distribution.

Asia Growth

Following its acquisition of Legg Mason in 2020, Franklin Templeton launched a new regionalized distribution model, aiming to increase its responsiveness to opportunities at the local level.

The firm said it would look to expand in Asia with a particular focus on alternatives across private equity, venture capital and more.

«Asia is an important strategic priority for us, and we are well positioned to capitalize on the diverse growth opportunities that exist across the region,» Kudva said in the announcement.