Franklin Templeton names co-heads for its new entity
This strategic initiative underscores the firm's long-term commitment to serving central banks and sovereign wealth funds globally – a segment that currently represents a $30 trillion opportunity for Franklin Templeton.
As co-Heads of the newly created Global Official Institutions Group, Tariq and Sandeep, in their expanded roles, will focus on building and strengthening relationships with Official Institutions around the world.
In addition to their current responsibilities, their remit will include developing tailored investment solutions aligned with the specific mandates and objectives of each institution in this segment, as well as delivering bespoke thought leadership, knowledge transfer and customised training programmes, said the US investment group in its statement.
Franklin Templeton has been serving official institutions for more than 30 years.
The establishment of the Group reflects the firm's belief in the growing significance of official institutions as long-term investors set to diversify their reserve currencies and asset classes, it stated.
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The former diplomat states that Islamabad is rattled by India suspending the Indus Waters Treaty, and Pakistan Army Chief Asim Munir has tried to stoke fear of nuclear war because Islamabad always wants external mediation. He noted that Pakistan is heavily dependent on the water of the rivers covered by the Indus Waters Treaty. New Delhi took a string of measures against Pakistan after the Pahalgam terror attack and put the Indus Waters Treaty in abeyance. Referring to recent remarks of Asim Munir, he said Pakistan is deliberately provoking nuclear blackmail just so that it can catch the attention of the world. 'Pakistan is rattled by our putting in suspension the Indus Waters Treaty. Pakistan is heavily dependent on the waters of those rivers…So, what it is threatening is that if India builds a dam, which is not happening immediately, we are going to destroy those dams; we are going to send our missiles and destroy those dams. It is easier said than done…What he (Asim Munir) always tries to stoke is the fear of a nuclear war between India and Pakistan because Pakistan always wants external mediation…They are deliberately provoking nuclear blackmail just so that they can catch the attention of the world…' Vikas Swarup told ANI. India had slammed remarks of the Pakistani Chief of Army Staff during his visit to the United States, in which he had made a nuclear threat.
