Franklin Templeton Investments has carved out a new role for Julian Ide as it prepares for the imminent completion of its acquisition of Legg Mason, which will create a $1.4trn global asset management giant.
Ide (pictured) will become Franklin Templeton’s head of Emea distribution while remaining chief executive of Legg Mason subsidiary Martin Currie. The appointment will be effective once the deal completes, which is expected to take place this Friday.
He will remain based in Edinburgh.
With Emea, the newly combined assets under management of Franklin Templeton and Legg Mason will be $148bn.
Ide will be supported by existing country heads from both asset managers. Martin Gilbey will continue to cover the UK, Channel Islands, Ireland, Malta and Gibraltar, while Mark Dunn will become head of wholesale.
The full details of the Emea distribution teams are outlined below:
– London-based Martyn Gilbey will continue to oversee the UK, Channel Islands, Ireland Malta and Gibraltar. Gilbey’s distribution team will include Mark Dunn, head of wholesale; Dean Heaney, head of institutional and Alex Barry, head of strategic clients who will join the team from Legg Mason.
– Paris-based Michel Tulle will continue to oversee distribution efforts in Continental Europe. Tulle will be further supported by Stefan Bauer, country head, Germany; Michele Quinto, country head Italy; Patrick Lutz, country head, Switzerland; Javier Villegas, head of distribution Iberia; Bérengère Blaszczyk, head of distribution France and Benelux and Mats Eltoft, head of distribution, Nordic region.
– Dubai-based Sandeep Singh will continue his role overseeing distribution efforts in Central, Eastern Europe, Middle East and Africa (CEEMEA). Singh’s direct reports will include Borno Janekovic, head of Central and Eastern Europe; Amar Mehta, retail sales director, Middle East and Africa; Khalid Murgian and Rabih Sultani, institutional sales directors covering the Mena region.
– Frankfurt-based Matthew Williams will remain as head of institutional sales Emea for Franklin Templeton. Matt Head, head of institutional client service Emea, will continue to report to Williams.
– Dublin-based Penny Kyle will retain her responsibilities as managing director, head office at Legg Mason Investments (Ireland) and over time, will take on additional responsibilities as head of products, marketing and specialist sales for Franklin Templeton in Emea. Consequently, Caroline Baron, head of ETF sales Emea and George Szemere, head of alternative sales Emea will both report into Kyle.
– London-based Caroline Carroll will oversee business strategy and data analytics in EMEA.