More division heads in Asia exit Templeton after merger
Another two senior executives, who oversaw private equity investment and wholesale clients, have left the firm following Franklin Templeton’s takeover of rival fund house Legg Mason.
Franklin Templeton Investments and Legg Mason have seen more high-level departures following the July closure of the US fund houses' merger, with long-standing employees Freeman Tsang and Claudius Tsang joining the list of business heads to have moved on.
The latter had been Hong Kong-based co-head of North Asia at Templeton Private Equity Partners (TPEP) alongside Victor Lee and Claudius Tsang's regulatory licence with the firm ended on September 30.
Claudius Tsang's responsibi…
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