Franklin Templeton Investments has named Avinash Satwalekar as its new country head for Malaysia and CEO of its Malaysia business, replacing Sandeep Singh who will now become the firm’s senior director and regional head for Central Eastern Europe, Middle East and Africa.
Satwelekar will lead the group’s retail and institutional activities in Malaysia and will report to the firm’s regional head for Southeast Asia Adam Quaife in the new role.
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Satwalekar, who has worked at the firm for over two decades, formerly served as the CEO and CIO at Vietcombank Fund Management (VCBF), which is a joint venture between Franklin Templeton and Vietcombank. He will however, continue to serve as chairman of VCBF board.
Satwelekar will move to Kuala Lumpur from Ho Chi Minh City for the new role, while Singh will move from Kuala Lumpur to Dubai.
“Avinash is well placed to manage our existing Malaysia business and to leverage the firm’s global offerings to serve clients across multiple distribution channels,” Quaife stated.
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