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franklin resources inc (BEN) Key Developments

Franklin Templeton Investments Appoints Stephanie Ouwendijk as Vice President and Portfolio Manager

Franklin Templeton Investments has appointed Stephanie Ouwendijk as a vice president and portfolio manager. Ouwendijk joined Franklin Templeton on 16 February 2015, as part of its Emerging Markets Debt Opportunities team which sits within the Franklin Templeton Fixed Income Group. She is based in London and reports to William Ledward, senior vice president and portfolio manager, who leads the Emerging Markets Debt Opportunities team. Ouwendijk joins Franklin Templeton from Ashmore Group where she served as fund manager since June 2010. Most recently, she was part of a team responsible for External Debt and Blended Debt funds, and in particular was responsible for CEE and Africa sovereign and quasi-sovereign credits.

Franklin Resources, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2014; Provides Tax Rate Guidance for Fiscal Year 2015

Franklin Resources Inc. announced unaudited consolidated earnings results for the first quarter ended December 31, 2014. For the quarter, the company reported total operating revenues of $2,064.3 million against $2,109.5 million a year ago. Operating income was $782.0 million against $813.1 million a year ago. Income before taxes was $822.4 million against $848.7 million a year ago. Net income attributable to Franklin Resources Inc. was $566.4 million or $0.91 per diluted share against $603.8 million or $0.96 per diluted share a year ago. For 2015, the higher tax rate is expected to result in an increase in future years' income tax expense with an estimated increase of approximately $25 million in fiscal year 2015. The company projecting a tax rate in the 30% to 31% range for the current fiscal year.

Franklin Templeton Investments Announces Executive Appointments

Franklin Templeton Investments announced the expansion of its institutional sales, relationship management and consultant relations team with three key hires to address growing and distinct opportunities in the US institutional marketplace. Elizabeth Murphy has joined the firm as senior vice president, Institutional Sales. In this role, she will manage and deepen key relationships with large institutional clients, primarily in the Northeast, including endowments, foundations, corporations and public funds. Prior to joining Franklin Templeton, Murphy was a director at BlackRock for nine years, where she was primarily responsible for developing and broadening relationships with the firm's large clients and consultants. Prior to that, Murphy was a director at Deutsche Asset Management, tasked with improving and growing the firm's relationship with institutional clients. Also joining Lee's team is Mary Beth Glotzbach as vice president, Institutional DCIO. She will focus on developing and broadening the firm's products and solutions for institutional 401(k) plans. Glotzbach is based in San Mateo, CA and reports to Drew Carrington, senior vice president, head of Institutional DCIO. Glotzbach most recently served as senior vice president of Retirement Solutions at Morningstar Inc., where she implemented Morningstar's retirement strategy across institutional software product groups, targeting solutions for advisors, consultants and asset managers. Glotzbach is also a board member for the Defined Contribution Institutional Investment Association (DCIIA). Christina Manonian, is assuming the role of vice president, Consultant Relations, reporting to Dennis Rothe, senior vice president and head of the Consultant and Investment Research Group - North America. Manonian most recently served as director of Global Consultants and Financial Institutions, where she was instrumental in strengthening Franklin Templeton's cross-border distribution across Asia and Australia. In her new role, she will manage strategic relationships with consultants across the West Coast. Manonian has relocated from Melbourne to the firm's headquarters in San Mateo, CA.

Franklin Resources, Inc. to Report Q1, 2015 Results on Jan 30, 2015

Franklin Resources, Inc. announced that they will report Q1, 2015 results at 8:30 AM, US Eastern Standard Time on Jan 30, 2015

Franklin Resources, Inc., Q1 2015 Earnings Call, Jan 30, 2015

Franklin Resources, Inc., Q1 2015 Earnings Call, Jan 30, 2015


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