Franklin Templeton makes institutional appointment

Fund manager, Franklin Templeton has expanded its institutional sales team.

Franklin Templeton Investments Australia announced this week it had appointed James Savage as Senior Manager, Institutional Sales, reporting to Keri Pratt, Head of Institutional Sales, based in Sydney.

The announcement said Savage would be focused on Queensland, NSW and Western Australia.

Confirming Savage's appointment, Pratt described him as an experienced professional with a background in institutional sales and relationship management.

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Prior to joining Franklin Templeton, Savage worked for eight years with boutique manager Tribeca Investment Partners as Head of Institutional Sales,

Savage moved to Australia in 1990 to set up the performance measurement department at State Street Australia after which he held business development roles at MLC and Credit Suisse.

Franklin Templeton Australia managing director, Maria Wilton, put Savage's appointment into context pointing out that it had followed on from the 2011 acquisition of Australian equity manager Balanced Equity Management and that of K2 Advisors in 2012 plus the addition of an Australian fixed income specialist this yea.

"It is important to have the right team in place to meet the demands of our clients and address the growth opportunities we are seeing," she said.