Franklin Templeton Mark Mobius to Retire on 31st January 2018 after 31 Years
Franklin Templeton has announced Mark Mobius will retire from the company on 31st January 2018. He is currently the Executive Chairman of Templeton Emerging Markets Group and in 1987, joined Franklin Templeton as President of the Templeton Emerging Markets Fund.
” Mark Mobius Retire from Franklin Templeton after 31 Years “
Mobius has spent more than 40 years working in emerging markets all over the world and was hired by the late Sir John Templeton in 1987 to launch one of the first mutual funds dedicated to emerging markets. He oversaw Templeton’s emerging markets team from 1987 to 2016.
Today, Templeton Emerging Markets Group has approximately 50 experienced investment professionals in 20 offices and over $28 billion AUM (30th September 2017).
Chairman and CEO Greg Johnson:
“There is no single individual who is more synonymous with emerging markets investing than Mark Mobius. My colleagues and I are deeply grateful to have had the opportunity to work alongside a legend, and we thank Mark for his many years of dedicated service and tremendous contributions to the firm. Mark has been an investor through historically transformational times in emerging markets and later frontier markets. 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. We wish him all the very best in his future endeavors, as we do not expect retirement will slow him down very much.”
Mark Mobius, Executive Chairman of Templeton Emerging Markets Group:
“I feel very fortunate to have spent most of my career at Franklin Templeton Investments. I have had the great privilege of working with an emerging markets team that includes some of the most talented and passionate people in the business, a number of whom have been with me for decades. I leave with great confidence in the Templeton Emerging Markets team and leadership at Franklin Templeton.”
Mark Mobius, Ph.D., executive chairman of Templeton Emerging Markets Group, has spent more than 40 years working in emerging markets all over the world. He joined Franklin Templeton in 1987 as president of the Templeton Emerging Markets Fund, Inc.
He is the author of the following books: Trading with China, The Investor’s Guide to Emerging Markets, Mobius on Emerging Markets, Passport to Profits, Equities – An Introduction to the Core Concepts, Mutual Funds – An Introduction to the Core Concept, Foreign Exchange – An Introduction to the Core Concepts, Bonds – An Introduction to the Core Concepts, Mark Mobius – An Illustrated Biography and The Little Book of Emerging Markets.
In 2017, Dr. Mobius received the Lifetime Achievement Award from Global Investor Magazine. He was named by Asiamoney magazine in 2006 as one of their “Top 100 Most Powerful and Influential People.” Asiamoney said, he “…boasts one of the highest profiles of any investor in the region and is regarded by many in the financial industry as one of the most successful emerging markets investors over the last 20 years… He still commands a strong following in the investment world and is influencing the direction of billions of investment dollars.” Other awards include: (1) “50 Most Influential People” by Bloomberg Markets Magazine in 2011, (2) “2010 Africa Investor Index Series Awards” by African Investor, (3) “Emerging Markets Equity Manager of the Year 2001” by International Money Marketing, (4) “Ten Top Money Managers of the 20th Century” in a survey by the Carson Group in 1999, (5) “Number One Global Emerging Market Fund” in the 1998 Reuters Survey, (6) “1994 First in Business Money Manager of the Year” by CNBC, (7) “Closed-End Fund Manager of the Year” in 1993 by Morningstar and, (8) “Investment Trust Manager of the Year 1992” by Sunday Telegraph.
He is a member of the Economic Advisory Board of the International Finance Corporation (IFC), which is a member of the World Bank Group. Dr. Mobius earned bachelor’s and master’s degrees from Boston University, and a Doctor of Philosophy (Ph.D.) in economics and political science from the Massachusetts Institute of Technology.
Source: Official Press Release
About Franklin Templeton Investments
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 170 countries. Through specialized teams, the company has expertise across all asset classes—including equity, fixed income, alternative and custom solutions. The company’s more than 650 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in over 30 countries, the California-based company has 70 years of investment experience and over $753 billion in assets under management as of November 30, 2017.