Franklin Templeton Investments has promoted Mark Meyer to the post of executive vice president and director of sales for its private client group, a spokesperson told the MutualFundWire.com. The firm has also created what it terms the Fiduciary Trust Company International institutional investment strategies for the unit.

One of Meyer's responsibilities will be to integrate the strategy into the unit's distribution efforts. He will also oversee the firm's separate account bank and brokerage channels. He will have oversight of the wrap account distribution efforts with the firm's retail mutual fund wholesalers as well.

Prior to this move, Meyer was in charge of the Fiduciary Trust Company's U.S. institutional sales efforts.

"Franklin Templeton has been in the private client business for many years, but recently, the demand for private client services through the bank and brokerage channels covered by FTPCG has accelerated dramatically," stated Greg Johnson, an executive in the office of the president of Franklin Resources. "We're responding to this increased demand by expanding the breadth of our client offerings, most notably through the introduction of Fiduciary Trust institutional investment strategies, and the increase of our distribution capabilities.  

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