Adam Spector was named executive vice president, head of global distribution at Franklin Templeton, effective Oct. 1.
It is a new position, subject to the completion of the firm's acquisition of Legg Mason on July 31, spokeswoman Lisa Gallegos confirmed. Mr. Spector, who will report to President and CEO Jennifer M. Johnson, will oversee the combined organization's newly established distribution model consisting of four regions, a Monday news release said.
The heads of the four regions — U.S.; Europe, the Middle East; Africa; and Americas ex-U.S. — will report to Mr. Spector. Until he begins the new position, Ms. Johnson and Jed Plafker, executive vice president, global alliances and new business strategies, will co-lead Franklin Templeton's corporate-level distribution efforts, Ms. Gallegos said.
Mr. Spector is currently managing partner at Legg Mason affiliate Brandywine Global Investment Management and will continue in that role.
Franklin Templeton had $622 billion in assets under management as of June 30. When combined with Legg Mason, the firm will have about $1.4 trillion in AUM, according to the news release.
