Franklin Templeton is reorganizing its senior positions across the region. Michael Reed, until recently the man running Franklin Templeton Investment in Asia ex-Japan, has been transferred to Seoul. Vijay Advani, managing director in Singapore, is extending his remit to Hong Kong and Korea.
Reed already has Korea experience, having helped establish the firm there in 1997. The Korea operation is the fourth largest market in the Franklin Templeton group, he says, about on par with Taiwan with W2.5 trillion $1.9 billion of assets under management.
The firm has been searching for a local CEO, but realized more needs to be done to integrate Korea to the international operation. Reed says his 18-24 month...
