- Terrence Murphy, CEO of ClearBridge Investments, will take on Dover's current role as Head of Equities for Franklin Templeton
- The institute will be "an innovative hub for research and knowledge sharing that seeks to unlock the firm's competitive advantage as a source of global market insights"
- Dover and Murphy will begin their new roles on February 1 and both will report to Jenny Johnson, President and CEO of Franklin Templeton
Franklin Templeton has announced in a statement the launch of its new Investment Institute, "an innovative hub for research and knowledge sharing that seeks to unlock the firm's competitive advantage as a source of global market insights".
The institute will be led by Stephen Dover, who has also been named Chief Market Strategist. In his new roles, he will continue to provide market insights for the firm and will head the institute's operations, facilitating the sharing of research through multiple channels, including bespoke data analysis, proprietary content and academic partnerships. Meanwhile, Terrence Murphy, CEO of ClearBridge Investments, will take on Dover's current role as Head of Equities for Franklin Templeton.
“With these appointments and the launch of the Investment Institute, we are doubling down on what sets our firm apart: unmatched insight and research from experts on the ground in over 70 offices around the globe,” said Jenny Johnson, President and CEO of Franklin Templeton.
“In this time of significant uncertainty, we are uniquely positioned to help clients find signal amid the noise. Whatever the issue, whatever the region, we will marshal diverse perspectives and proprietary analysis to best serve our clients. I am thrilled to have Stephen Dover leading this new effort", she added.
Johnson pointed out that Murphy has done "a phenomenal job" at ClearBridge and believes that, more broadly, this appointment demonstrates their commitment to propelling the business forward "by harnessing the great talent" across their organization.
Dover and Murphy will begin their new roles on February 1 and both will report to Johnson.
"A hub for knowledge-sharing"
The asset manager pointed out that its new institute will serve as a center of excellence to harness the firm’s global investment expertise and extensive in-house research capabilities. “The Franklin Templeton Investment Institute brings together our deep research capabilities and global insights to create a hub for knowledge-sharing across the firm’s multiple autonomous specialist investment managers,” said Dover.
He also highlighted that the ultimate mission of the institute is to provide research and data-driven insights for clients to help them navigate the financial markets, "armed with the power of our diverse investment expertise".