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Franklin Templeton boosts fund governance ahead of FCA deadline

BoardroomFranklin Templeton Fund Management Limited has appointed three non-executive directors to boost the firm’s fund governance.

In the newly-created roles, Henrietta Jowitt, Antony John, and David Brigstocke will join the existing five members of the board chaired by UK chief executive Martyn Gilbey.

The appointments were made ahead of the coming into force of a Financial Conduct Authority requirement to have a minimum of two independent non-executive directors on the boards of authorised fund firms by September.

Gilbey said that the firm decided to surpass the industry regulator’s minimum requirements, stating that it is better to have a “more diverse range of opinions and decision-makers” as asset managers “continue to come under scrutiny to demonstrate value for money to the industry”.

All three appointments come with a wealth of industry experience. Brigstocke worked at JP Morgan Asset Management for 14 years, where he served as chief financial officer and chief administrative officer. Since leaving the fund giant in 2014, he has held various consulting roles in London and New York.

Jowitt, who has 30 years’ experience in the sector, is deputy director general of the Confederation of British Industry, and John is currently one of four principals of specialist boutique manager Ilex Associates.

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