The US fund house has appointed a new head of Southeast Asia after promoting Stephen Grundlingh to a newly created global role as part of a management reorganisation.
Many of the operational guidelines fall under each local jurisdiction, which could lead to delays and duplication. Time-to-market and costs are seen as potential obstacles.
Stephen Grundlingh, the firm’s head of Southeast Asia, highlights several trends among private banks in the region.
Having recently launched two sharia equity strategies, the US asset manager plans to manage more assets out of Kuala Lumpur.
Franklin Templeton's Singapore-based Asian entity hopes to grow its assets under management by 15%-20% annually from its current base of $51 billion.