Patrick O’Connor was named head of global exchange-traded funds at Franklin Templeton Investments, said a spokeswoman.
The position is new. Mr. O’Connor will focus on developing the firm’s ETF capabilities. He will be based in San Mateo, Calif., and will report to Jenny Johnson and Vijay Advani, co-presidents at Franklin Resources.
Mr. O’Connor was managing director and head of product of iShares Canada at BlackRock. Spokeswoman Melissa Garville declined to comment on a replacement, but sources said he was replaced by Pat Chiefalo, who was previously director of ETF research and strategy at National Bank Financial.
Franklin Templeton had about $801 billion in assets under management as of Oct. 31.