Malaysia is Franklin Templeton's second largest market in Southeast Asia next to Singapore in terms of assets.
The US fund house increases its stake in the Mena specialist from 25% to 40% and adds another director to Algebra's board.
Vivek Kudva will take charge of an enormous emerging-market territory, while Harshendu Bindal is moving to Mumbai to oversee India.
An association taskforce has been established to push for an industry-owned service and transaction platform in order to reduce costs for selling mutual funds.
The fund house will offer a full range of global capabilities. The office will initially have three to five staff.
Financial sponsor Darby raises $127 million for private equity investments in India from rich retail investors using the Franklin Templeton India marketing network.
David Smart steps into the new role of global head of sovereign funds and supranationals.
The fund’s sub-adviser, Algebra Capital, says the Middle East and North Africa region is the new Bric in terms of investment performance potential.
The firm plans to develop locally managed investment capabilities alongside its global expertise, either via acquisition or organically; and eyes possible Taiwan onshore business.
The asset manager is rebuilding after the Laurence Lo years under new CEO “VTP”.
Franklin Templeton joins a rising trend of fund companies offering Indian investors access to Asian equities.
Ellen Li joins the company from AXA Rosenberg.
The company expects demand for mutual funds to grow in line with expectations of a rapid rise in the number of wealthy individuals in the city-state.
The Dubai deal gives Franklin Templeton ownership in the Middle East's first independent asset management company.
Franklin Templeton's international fixed-income director says the underlying trends of strong non-US dollar currencies mean more than subprime liquidity problems.
Eventually China Life Franklin Asset Management may manage third-party assets in many asset classes, but the investment team’s mission is now to build a track record.
The final deal exits are booked within Templeton’s emerging-markets private-equity fund.
Former Calpers official Wenning Jung will join the firm’s Asia property funds of funds.
Jack Lin will drive institutional business development for Asia ex-Japan.
Franklin Templeton Investments to acquire full control of its asset management joint venture in India.