Franklin Templeton Investments’ emerging markets star Mark Mobius will retire from the firm on 31 January 2018.
Mobius, who joined Franklin Templeton in 1987 as president of the Templeton Emerging Markets Fund, had relinquished from portfolio management roles in March 2017 and progressively handed over the day-to-day management of Templeton Emerging Markets Group to CIO Stephen Dover, while continuing to share macro views on emerging markets.
Mobius highlighted: “I feel very fortunate to have spent most of my career at Franklin Templeton Investments. I have had the great privilege of working with an emerging markets team that includes some of the most talented and passionate people in the business, a number of whom have been with me for decades. I leave with great confidence in the Templeton Emerging Markets team and leadership at Franklin Templeton.”
“There is no single individual who is more synonymous with emerging markets investing than Mark Mobius. My colleagues and I are deeply grateful to have had the opportunity to work alongside a legend, and we thank Mark for his many years of dedicated service and tremendous contributions to the firm,” said chairman and CEO Greg Johnson.
“Mark has been an investor through historically transformational times in emerging markets and later frontier markets. Over the last three decades, Mark has built a team of talented research analysts and portfolio managers around the world, and has generously shared his experiences with an audience that spans the globe. We wish him all the very best in his future endeavors, as we do not expect retirement will slow him down very much,” Johnson added.
“Mark was instrumental in building the very experienced bench of investment talent within our emerging markets team, and he is leaving the various emerging markets funds and strategies launched under his leadership in very capable hands,” said Dover. “We do not expect Mark’s retirement to cause any disruption to our clients, and Templeton Emerging Market Group’s time-tested philosophy and disciplined approach will remain the same.”
Templeton Emerging Markets Group has around 50 investment professionals and tallies over $28bn in assets under management as of 30 September 2017.