Sweta Dugar has joined Franklin Templeton in Singapore as head of institutional for Southeast Asia, ex-Malaysia.
Ms. Dugar replaces Marcus Ong, who is leaving the company to pursue other opportunities, according to a spokeswoman for the firm.
Malaysia is excluded from her remit because the firm has had a dedicated on-the-ground sales team covering institutional clients in that country since establishing its footprint there in 2009, said the spokeswoman.
Ms. Dugar comes to Franklin Templeton from BlackRock, where she served as vice president and lead account manager for institutional clients, the spokeswoman said.
A BlackRock spokeswoman couldn't immediately be reached for comment.
Tariq Ahmad, head of Asia distribution at Franklin Templeton, said in a news release Ms. Dugar will spearhead the firm's institutional business development not only in key Southeast Asian markets but in frontier markets as well.
In the same news release, the firm announced that Richard Surrency, who has served as head of alternatives, Asia, will take on a new role at Franklin Templeton as head of relationship management and client services for Asia.
At present, the firm has no plans to fill the head of alternatives role, the spokeswoman said.
Franklin Templeton had $1.5 trillion in assets under management as of Feb. 28.