Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Greg Johnson Bids Adieu to a Franklin Legend Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, January 05, 2018

Greg Johnson Bids Adieu to a Franklin Legend

Reported by Neil Anderson, Managing Editor

January 31 will mark the end of an era at Franklin Templeton [profile].

Joseph Mark Mobius
Templeton Emerging Markets Group
Outgoing Executive Chairman
Famed emerging markets PM Mark Mobius, age 81, will retire at the end of the month after more than 31 years with the company, Franklin chairman and CEO Greg Johnson confirms today. Mobius previously led the Templeton Emerging Markets Group from 1987 to 2016, when Stephen Dover succeeded Mobius as chief investment officer of TEMG. Since then Mobius has focused on being a spokesman for TEMG and has served as its executive chairman, and he has shifted away from day-to-day PMing and team management.

Stephen H. Dover
Templeton Emerging Markets Group
Chief Investment Officer
"There is no single individual who is more synonymous with emerging markets investing than Mark Mobius," Johnson states, calling Mobius "a legend."

TEMG now includes about 50 investment staff spread across 20 offices, working with more than $28 billion in AUM as of September 30, 2017.

"Over the last three decades, Mark has built a team of talented research analysts and portfolio managers around the world, and has generously shared his experiences with an audience that spans the globe," Johnson states. "We wish him all the very best in his future endeavors, as we do not expect retirement will slow him down very much."

As for Mobius' PM duties, Tom Wu will become the sole lead PM on the Templeton Frontier Markets Fund team. Wu already PMs the fund alongside Mobius and serves as deputy director of research and director of portfolio administration for TEMG. Ahmed Awny, David Haglund, and Carlos Hardenberg will continue to support Wu on the fund.

Mobius, who is based in Hong Kong, is an alumnus of both Boston University and MIT.

Dover, an alumnus of both Lewis and Clark College and UPenn's Wharton School, first joined Templeton in 1997 after working with Newell Associates and Towers Perrin. Prior to succeeding Mobius in 2016, Dover served as chief investment officer of Franklin Local Asset Management. He is based in Franklin's global headquarters in San Mateo, California. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use