Franklin Templeton Investments has appointed Avinash Satwalekar as the country head of Malaysia. On top of that, Satwalekar is also named the chief executive officer (CEO) of Franklin Templeton Asset Management Malaysia.
Satwalekar has relocated to Kuala Lumpur from Vietnam to take responsibility for leading the firm’s retail and institutional distribution efforts across Malaysia, and will now report to Adam Quaife, regional head for Southeast Asia at Franklin Templeton Investments.
He replaces Sandeep Singh who has moved to Dubai to take on the position of senior director and regional head for central Eastern Europe, Middle East and Africa (CEEMEA). In addition to his new role, Satwalekar will continue his involvement with the company’s business in Vietnam by serving as chairman of the board for Vietcombank Fund Management (VCBF), a joint venture between Franklin Templeton and Vietcombank in Vietnam.
Satwalekar was previously the CEO and chief investment officer (CIO) for VCBF and oversaw the combined business and investment activities of the group. Satwalekar had served as the lead portfolio manager for the two funds domiciled in Vietnam since their respective inceptions in 2013 and 2014. Satwalekar has over 20 years of experience at Franklin Templeton. Prior to his role in Vietnam, he was a portfolio manager and research analyst for Franklin Equity Group, based at the firm’s headquarters in San Mateo, California.
“Satwalekar is an experienced client-centric leader with a strong track record both in business development and in investment management. He brings valuable experience gained in roles across Franklin Templeton, both in the US and in Asia. Satwalekar 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 said.
“With its expanding middle class, healthy growth rates in unit trust penetration, as well as an established infrastructure for Islamic finance, Malaysia is a critical part of our growth strategy in Asia. I am confident that with his background and expertise, Satwalekar will build on the momentum of this vibrant market and harness growth opportunities for our clients and distributors,” Mark Browning, managing director for Asia at Franklin Templeton Investments, added.