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A Raft of Leadership Changes at Franklin Resources

The changes include two newly created roles in the multiasset and alternatives groups.

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 Franklin Resources (BEN) has announced a handful of leadership changes slated to take effect on May 1, 2017. The changes have the potential to shape the firm’s investment culture, but it will take time to gauge their impact, which keeps the firm’s Parent rating at Neutral.

Ed Perks, longtime manager of  Franklin Income (FKINX), will give up his duties as head of equities, which he’d taken on in October 2015, to assume the newly created role of CIO of FT Investment Solutions (the firm’s multiasset group). Perks will oversee fewer investment strategies, allowing him more time to manage Franklin Income.

Karin Anderson does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.