Franklin Templeton Investments, the US-based global asset manager specialising in Asian investments, has named Terence Bong to succeed Isabella Chan as head of retail business for Southeast Asia, in a New Year reshuffle.
Separately, the company said it had appointed Woon Pin Chong managing director of the Asia Pacific operation of Franklin Real Asset Advisors.
Chan, who is now based in Hong Kong, has taken up an expanded role as head of global financial institutions, APAC and Retail Business, for Greater China, Franklin Templeton said, noting that this was an area she has handled previously but which she will now focus on exclusively.
Bong, pictured left, who will be based in Franklin Templeton’s Singapore offices, will oversee the company’s retail sales and private banking efforts in Southeast Asia, and will also be responsible for business development and marketing of investment products and strategies, Franklin Templeton said.
He reports to Dora Seow, who also has taken on a new title at the company, as head of distribution, Institutional and wholesale business, Southeast Asia.
Bong comes to Franklin Templeton from Nikko Asset Management, where he held a similar role to the one he now has, as head of intermediary business development for Asia. Before this he spent 10 years at Schroders, where he held various roles in product management and private banking sales, ending up as head of private banks distribution for Singapore and Hong Kong before moving to Nikko AM.
Franklin Real Asset Advisors
As for Woon Pin Chong (pictured below), the newly-appointed managing director of Franklin Real Asset Advisors, his senior leadership roles in the industry prior to joining Franklin Templeton have included a stint as managing director of Savant Global Capital, an Asia-based specialist investment and asset management firm. He also served as Asia managing director for Centuria Capital, an Australian investment manager, and before that, held senior roles at Lend Lease Investment Management and Colliers International.
Mark Browning, managing director (Asia) for Franklin Templeton Investments, noted that the company had seen how, in the private equity real estate space, the Asia Pacific region has remained “a key market for our clients”, and that investor interest there is “robust”.
“Long-term growth prospects for real estate in the region, [therefore] remain bright, and supported by strong fundamentals,” he added.
“We are excited to have someone of Woon Pin’s calibre on board, and look forward to leveraging his knowledge and experience as our business continues to grow.”
Franklin Templeton Investments provides global and domestic investment management to retail, institutional and sovereign wealth clients in more than 170 countries. It has offices in more than 30 countries, and at the end of November, had more than US$753bn in assets under management.
To many investors it is still best known as the corporate home of Singapore-based fund manager Mark Mobius, who has been stepping back from his front-line duties recently after celebrating his 80th birthday, although he is still involved in the business.