David Zahn will lead this initiative for the Franklin Templeton Fixed Income Group, and has been promoted to Head of European Fixed Income, effective 15 April 2013. Zahn, who has been managing European fixed income portfolios for more than a decade and with Franklin Templeton since 2006, has over 19 years of experience in the asset management industry. Zahn is based in London.
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This initiative will involve adding new, dedicated local investment resources on the ground in Europe, leveraging the Fixed Income Group’s established global research platform. Zahn will work with a dedicated European fixed income team of nine investment professionals based in London and four investment professionals based in San Mateo to generate investment ideas and solutions focused on European fixed income. The strategy, philosophy and disciplined approach of our existing European and Global Franklin Templeton fixed income products will remain unchanged.
Jamie Hammond, Managing Director, Europe, said:
"Under David’s leadership, we will focus on enhancing our European fixed income capabilities in order to address the significant opportunities in this market segment. European fixed income is an important asset class for both retail and institutional investors throughout the region and this initiative will give us a dedicated team on the ground to enhance the products and service we can offer clients. We’ve enjoyed considerable support for our global fixed income products in Europe and we are now eager to widen the focus to include more regional and domestic products."
David Zahn, Head of European Fixed Income, added:
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By GlobalData"We are excited by this opportunity to add resources and put additional focus to our European Fixed Income offerings. In addition to our deeply experienced teams in London and San Mateo, the initiative will also draw upon the insight and guidance of over 140 investment professionals globally, bringing a significant depth of expertise and resource to the region."
Zahn has been managing European fixed income portfolios for over 10 years both at Franklin Templeton and in his previous role at Citigroup. He is a member of Franklin Templeton’s Fixed Income Policy Committee and is a portfolio manager for several Franklin Templeton funds, including Templeton Strategic Bond Fund2, Templeton Euro Government Bond Fund3 and Templeton European Corporate Bond Fund3. He is also a portfolio manager for a number of Global Government and Global Aggregate fixed income portfolios.
In addition to his new title and role, Zahn will retain his current title and responsibilities as Senior Vice President and Portfolio Manager, overseeing management of the Global Aggregate, Global Government and Euro Aggregate fixed income strategies and funds. He will continue to report to John Beck, Senior Vice President and Co-Director of Global Fixed Income for the Franklin Templeton Fixed Income Group based in London.
Prior to joining Franklin Templeton in 2006, Zahn was a senior portfolio manager at Citigroup Asset Management. His primary responsibility was as portfolio manager on European fixed income and Libor Plus portfolios.
