Franklin Templeton opens Malaysia office

Franklin Templeton Investments has opened an office in Kuala Lumpur. The fund house was the fifth foreign fund manager to receive a license from the Securities Commission to operate in Malaysia.

Franklin Templeton Investments, which has around $416 billion in assets under management worldwide, joins Aberdeen Asset Management, Nomura Asset Management, BNP Paribas Asset Management and Credit Agricole Asset Management with on-the-ground operations that cater to institutional investors in Malaysia. The local presence also allows Franklin Templeton Investments to expand its sub-advisory and feeder fund business in the local market.