Vivek Kudva, Head of APAC of Franklin Templeton, will retire on July 28 after 16 years at the firm. A Franklin Templeton spokesperson said when Kudva turned 60 in July 2019, the firm made the decision to extend his employment for three more years, through July 28, 2022, and he is now retiring, pursuant to that plan.
New appointment
Franklin Templeton has appointed Matthew (Matt) Harrison and Tariq Ahmad as Co-Heads of APAC (Asia Pacific) to take over the responsibility of Kudva from August 1.
In their roles, Harrison, currently Managing Director, Australia and Ahmad, currently Head of Asia Distribution, will have joint ownership and accountability of APAC strategy to best serve the firm’s clients and drive growth in the region.
Harrison and Ahmad will report to Adam Spector, EVP–Global Advisory Services, and will jointly develop and execute the overall APAC strategy. Spector said the Asia Pacific region is critical to the growth strategy for Franklin Templeton and industry veterans Harrison and Ahmad will attempt to capture rapid growth opportunities in the backdrop of shifting market dynamics.
Kudva has led the distribution efforts in both APAC and EMEA (Europe, Middle-East and Africa) over his dedicated career at the firm, he added.