Franklin Templeton Forms Unit to Serve Central Banks, SWFs

Franklin Templeton Forms Unit to Serve Central Banks, SWFs

US-based global asset manager Franklin Templeton has formed a new unit to serve central banks and sovereign wealth funds.

Franklin Templeton has appointed Tariq Ahmad and Sandeep Singh as co-heads of the global official institutions group, according to a statement. The newly created group will focus on serving central banks and sovereign wealth funds globally – a segment that is estimated by Global SWF to represent a $30 trillion opportunity.

Ahmad is currently head of APAC while Singh is head of CEEMEA (Central & Eastern Europe, Middle East and Africa) & India. In their expanded roles, they will focus on building and strengthening relationships with the official institutions segment, developing tailored investment solutions aligned with the specific mandates and objectives, as well as delivering bespoke thought leadership, knowledge transfer and customized training programs.

«Franklin Templeton has been serving official institutions for more than 30 years. The establishment of the Group reflects the firm’s belief in the growing significance of official institutions as long-term investors set to diversify their reserve currencies and asset classes,» the firm said.