Franklin Templeton Investments, a global alternative asset manager, has named David Smart as its global head of sovereign funds and supranationals, responsible for managing existing sovereign fund relationships as well as developing new sovereign fund and supranational client relationships globally.
Smart will be based in London and report to Vijay Advani, executive vice president of global advisory services, who oversees both retail and institutional distribution at Franklin.
“Sovereign funds are one of the fastest growing pools of assets in the world and could rival the total worldwide pool of pension funds in size within five years,” said Advani. “David has been working in the sovereign fund arena for more than 20 years. His longstanding international relationships and experience managing and advising supranational pension funds, combined with Franklin Templeton’s global footprint, place us in an excellent position to tap into this estimated US$13 trillion market.”
Smart was previously executive vice president of Franklin Templeton Institutional and head of the Europe, Middle East and Africa sales region. He joined Fiduciary Trust International in 1988 where he was a managing director, and then appointed to various boards within Franklin once it acquired Fiduciary Trust International in 2001. His career began at Baring Brothers & Company’s international asset management division, followed by a similar position at County NatWest Investment Management in London.
Source: Thomson Merger News