Money Management

Franklin Templeton appoints executive vice president to oversee global distribution

Jed Plafker was named executive vice president of global advisory services at Franklin Templeton (BEN) Investments (BEN), said Becky Radosevich, company spokeswoman.

Mr. Plafker, who begins the position on Dec. 1, will oversee the company's global distribution efforts, including retail and institutional sales, marketing and product strategy. He currently oversees those efforts internationally as president of Franklin Templeton International, and the new role includes those previous duties in addition to now including U.S. distribution, Ms. Radosevich said.

Vijay Advani previously had the role and left earlier this year to become CEO of Nuveen.

Mr. Plafker will continue to report to Jenny Johnson, president and chief operating officer, and be based in San Mateo, Calif.