American investment firm Franklin Templeton Investments has hired Patrick O’Connor as new head of global exchange traded funds (ETFs).
In his new role, O’Connor will be responsible for shaping and developing the firm’s ETF capabilities.
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Based in San Mateo, California, O’Connor will report to Jenny Johnson and Vijay Advani, co-presidents of Franklin Resources.
O’Connor, who has more than 15 years of investment experience, joined Franklin from BlackRock where he worked as managing director of iShares Product Canada, iShares Product Latin America & Iberia and iShares Equity Portfolio Management.
Previously, he also served as a partner within the iShares business for more than a decade and an original member of the iShares launch team in 1999.
Franklin Resources chairman and CEO Greg Johnson said: "We’re pleased to welcome Patrick to the firm and are fortunate to have the benefit of his extensive expertise to guide us through the active and rules-based ETF landscape.
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By GlobalData"While the chief focus for Franklin Templeton continues to be on traditional active fund management, we believe there may be opportunities for investors to use a wider range of strategies, including various types of ETFs, to construct portfolios that meet their specific risk and return objectives."
