Franklin Templeton Open Office in Kuala Lumpur
Filed Under (Other News) by Webmaster on 06-02-2009
Tagged Under : Franklin Templeton, Kuala Lumpur, office
Bernama reported that Franklin Templeton Investments, a global investment management company has opened an office in Kuala Lumpur.
The office has been established as a foreign fund management company under the Malaysian Special Scheme, Franklin Templeton Investments said in a statement released by its Singapore branch.
Franklin Templeton Asset Management Malaysia Sdn Bhd was awarded a Capital Markets and Services Licence in January last year, to enable it to carry out the regulated activity of fund management under the Capital Markets and Services Act 2007, the company said.
Stephen Grundlingh, the regional head for Southeast Asia who is overseeing Franklin Templeton’s Malaysian business, said establishing an office in the country was a key pillar of its investment management business in the region.
“This will allow us to deepen our participation in the Malaysian market and reach out to more institutional investors, including pension funds and government agencies,” Grundlingh said.
The company said Malaysia was already one of Franklin Templeton’s biggest markets in terms of assets in Southeast Asia and was poised to become an important contributor to the company’s growth globally.
Franklin Templeton currently manages global equities, emerging markets and fixed income assets for Malaysia-based institutional clients.
Franklin Templeton’s managing director for Asia, Mark Browning, said Malaysia had a maturing economy, an established investment management market and expertise in Islamic finance.
“It thus makes Malaysia a key market for the company as it expands the business in the region,” he added.
