09.08.25
Franklin Templeton Shakes Up Leadership as It Pushes Into Private Assets
by: Amelia Pollard
Franklin Templeton is restructuring its leadership and planning for succession as it expands into alternative investments. CEO Jenny Johnson hired Daniel Gamba as chief commercial officer to oversee both public and private market products while she steps down as president, leaving Gamba, Terrence Murphy and Matthew Nicholls as co-presidents. Johnson emphasizes the need for investor diligence in illiquid assets despite strong demand for alternatives, likening the shift to the rise of mutual funds. The firm has pursued acquisitions and now manages around $260 billion in alternatives, aiming to balance growth with careful risk management amid recent legal and performance challenges.
Read the full article on Financial Times