Yu Qing joined Franklin Templeton as managing director and head of China, a new role for the San Mateo, Calif.-based money manager.
Ms. Yu is based in Beijing but will also work from Shanghai, where Franklin Templeton has a wholly foreign-owned enterprise and a joint venture fund management company, Franklin Templeton Sealand Fund Management Co.
Ms. Yu is tasked with "providing overall leadership and strategic direction for the firm's mainland China business and building a multifaceted asset management business, focusing on public investment solutions," according to a news release.
She reports to Ben Meng, executive vice president and chairman of Asia-Pacific.
Ms. Yu joined from Shanghai-based Nomura Orient International Securities Co., where she was chairwoman of the board, and managing director at Nomura Securities in China. A Nomura spokesman couldn't immediately be reached for comment.
Franklin Templeton had $1.4 trillion in assets under management as of June 30.
