Franklin Templeton has appointed Yu Meng as executive vice-president and chairman of Asia Pacific to bolster the reach of its investment offerings in the region.
Meng will work closely with the firm’s existing leadership to help drive its Asia Pacific and global growth strategy and will also be joining the firm’s executive committee.
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He will report to Franklin Templeton president and CEO, Jenny Johnson.
Meng was previously chief investment officer for the California Public Employees Retirement System (CalPERS).
Prior to that, he worked at State Administration of Foreign Exchange (SAFE) as deputy chief investment officer.
According to Franklin Templeton, Meng’s expertise in serving in top investment roles in two of the largest asset owners will help the firm expand the reach of its tailored solutions offered to institutional clients globally.
Commenting on the appointment, Johnson said: “Expanding our alternative asset business and deepening our overall commitment to the Asia Pacific region are key strategic priorities for Franklin Templeton, and Ben is uniquely experienced and positioned to lead important initiatives in the region.
“He brings to Franklin Templeton a strong track record for delivering results across a broad range of asset classes and extensive experience and knowledge of the region.
“His approach to asset and risk allocation, along with his belief in active investment, align well with our investment philosophy, and we are thrilled to welcome Ben to the Franklin Templeton family.”
Meng said: “I have long respected Franklin Templeton’s business, its long-term focus, and its collaborative, client-first culture and global reach.
“I look forward to working closely with Jenny and the Franklin Templeton team to execute upon the firm’s strategic priorities across the region.”
Last December, Franklin Templeton launched a turnkey robo-adviser, in association with digital wealth technology provider Bambu and custody and clearing engine Apex Clearing.
