The firm has announced a slew of senior appointments, which will be effective on July 31, when its acquisition of Legg Mason is expected to be finalized.

Franklin Templeton has appointedVivek Kudva as its new head of Asia Pacific (APAC), including India, the investment management firm announced on Tuesday.

Based in Mumbai,Kudva will be responsible for leading the firms retail and institutional distribution across the region, and will report toAdam Spector, the newly appointed head of global advisory services.

Kudva brings more than three decades of industry experience and expertise in asset management and banking to the role. He joined Franklin Templeton in 2006, and was most recently managing director, India and EMEA. Previously, he spent two years as general manager of the National Bank of Oman, and 21 years at HSBC.

Legg Mason Acquisition

The investment manager announced in February that had entered into an agreement toacquire Legg Mason for $50.00 per share of common stock in an all-cash transaction.

Thetransaction is expected to close on July 31, 2020, and will create a combined $1.5 trillion AUM firm.

The combination of our two distribution platforms will enhance organic growth in the region as we expand our presence in key markets such as Japan and Australia. In addition, we see tremendous growth potential in China as the country continues to further liberalize and open up its market,Kudvasaid about the merger.

Senior Leadership Team

Thesenior leadership team with expanded responsibilities in the combined organization within the APAC region, effective July 31, includes:

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Franklin Templeton Names APAC Head and Reshuffles Region - finews.asia