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Franklin Templeton sees MENA growth

Posted on 15 June 2011

Franklin Templeton expects its asset management business in Middle East and North Africa (MENA) to grow despite recent political unrest, a top executive said.“Our local asset management business has grown 25-30 percent year-to-date despite the unrest. We would expect to see growth going forward,” said Andrew Ashton, head of Franklin’s Central Eastern Europe, Middle East and Africa business.

Templeton bought Dubai-based boutique investment firm Algebra Capital in January and has renamed it as Franklin Templeton Investments (Middle East) Limited……………………………………….Full Article: Source

 
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