People Moves: Franklin Templeton, Lombard International, WHIreland Group, National Friendly

clock • 5 min read

Franklin Templeton Investments

Franklin Templeton has announced changes to its emerging markets team.

Carlos Hardenberg,  lead portfolio manager of the Templeton Emerging Markets Investment Trust, has resigned from the company, after more than 15 years with the San Mateo, California-based, New York-listed global asset manager. The announcement of his departure comes weeks after news that Mark Mobius, Franklin Templeton’s veteran emerging markets fund manager, was to retire at the end of January, after more than 30 years with the company.

When Hardenberg leaves at the end of March, his duties will be assumed by Chetan Sehgal, senior managing director and director of portfolio management, who oversees the global emerging markets strategy at Franklin Templeton, and who has worked closely with Hardenberg for a number of years on the Templeton Emerging Markets strategy.

Separately, Franklin Templeton said it has named Manraj S Sekhon (pictured left) chief investment officer of its Emerging Markets Equity operations, in charge of overseeing the company’s entire emerging markets equity teams across the organisation. He will join the company next month, and be based in Franklin Templeton’s Singapore offices, where he will report to Stephen Dover, head of equities.

Sekhon comes to Franklin Templeton from  Fullerton Fund Management, a Singapore-based asset manager, where he had been chief executive and chief investment officer, and was responsible for driving the strategy and growth of the business globally, as well as overseeing its investment capabilities. Prior to that, he was director and head of international equities at Henderson Global Investors, where he led a team managing global and EAFE (Europe, Australasia and Far East) portfolios for clients around the world.

During the course of his more than 20-year career in global investment, he “has managed portfolios on behalf of pension plans, sovereign wealth, endowments, insurance, family offices and private wealth clients”, Franklin Templeton said, in a statement announcing his appointment.

At Franklin Templeton, Sekhon will oversee the company’s team of  more than 80 emerging markets equity investment experts who are based in 20 offices around the world and represent more than $45bn in assets under management.

The company’s senior leadership team will be organised by strategy type, with its directors, all of whom will report directly to Sekhon, overseeing Global Emerging Markets, Asia, Frontier and MENA, listed below:

• Chetan Sehgal, senior managing director, director of portfolio management overseeing global emerging markets, small cap and Latin America and Eastern Europe strategies (as explained above);
• Sukumar Rajah, senior managing director, director of portfolio management, overseeing investments across the Asian emerging market equity strategies;
• Bassel Khatoun, managing director and director of portfolio management, overseeing frontier markets and MENA investment strategies;
• Tek Khoan Ong, senior managing director, director of research.

In its statement, Franklin Templeton said the investment philosophies and disciplined approaches of each distinct strategy within the emerging markets equity groups “will remain intact”.

Lombard International Assurance

Lombard International Assurance, the Luxembourg- and Philadelphia-based provider of life insurance-based wealth products for high-net-worth investors, has named Monica Risam to the role of general counsel for its European operations.

She succeeds Ranald Munro, who has left the company.

Risam, pictured left, comes to Lombard International Assurance from Aviva plc, where she led its UK Life legal and company secretarial teams. During her six years with Aviva, she also held the positions of general counsel, Aviva group, and general counsel, Aviva Europe.

Prior to joining Aviva, Risam spent seven years at GE Capital, and began her legal career as an associate with Weil, Gotshal & Manges in London and New York. She is dual qualified to practise law in the United States and the United Kingdom.

At Lombard International Insurance, Risam will report to Axel Hörger, the company’s European chief executive.

Lombard International Assurance has been growing rapidly since its acquisition in October 2014 by Blackstone, the US-based private equity giant.


WHIreland Group plc, the London-based, UK-listed wealth management and corporate and institutional broking firm, has named  Paul Jones chief operating officer, and a member of its executive committee.

Jones comes to WHIreland Group from Brewin Dolphin, where he had been director of change and transformation as well as co-head of Brewin Dolphin’s London office, chief of staff, and on the firm’s executive committee.  He began his career at Lloyds TSB and has since also worked for Skandia Investments and AXA, where his roles included head of advisory distribution and head of regional operations.

At WHIreland, Jones will be resposible for the company’s outsourced relationships and for middle office and IT functions within the company, according to a statement announcing his appointment. He will report to the company’s chief executive,  Richard Killingbeck.

In its statement, WHIreland noted that Jones’s arrival followed “a period of transition” at the company, which included the recently-announced appointment of Mike Ingram from BGC Partners as its new chief market strategist. As reported, a Kuwait-based company called Kuwaiti European Holding Group took a 23.1% stake in WHIreland in 2016.

National Friendly

National Friendly, the Bristol-based friendly society with more than 35,000 members, said it had named  Isabelle Garnier to the newly-created role of broker sales support administrator.

Garnier will be based in the society’s Bristol headquarters.

Garnier comes to the mutual health insurance specialist from AXA PPP, where she had worked as an underwriter. Altogether she has more than 14 years’ of experience in the insurance industry, working across claims management, sales support and broking.

The National Friendly Society was founded in 1868, and, in the mode of such friendly societies, is entirely owned by its members, and reinvests its profits in improving member benefits and services rather than paying dividends to shareholders.

More on Insurance

Protection predictions for 2023: Expert views from across the industry

Protection predictions for 2023: Expert views from across the industry

Consumer Duty, cost of living and collaboration

John Brazier
clock 22 December 2022 • 12 min read
AKG renews IFGL brands' five stars for service

AKG renews IFGL brands' five stars for service

clock 20 December 2022 • 2 min read
Scottish Widows backs Solvency II reform

Scottish Widows backs Solvency II reform

Hemma Visavadia
clock 01 December 2022 • 1 min read