Franklin Hires BlackRock's Mann to Run ETF Capital Marketsby
Led client execution services at iShares U.S. capital markets
Mann left this week after more than six years with firm
Franklin Templeton Investments hired David Mann, an executive in the U.S. capital markets group of BlackRock Inc.’s exchange-traded funds unit, in a push to expand its ETF business.
Mann will become head of global ETFs capital markets for Franklin, according to Pholida Barclay, a spokeswoman for Franklin. In his role, he will work with liquidity providers, including authorized participants, market makers and broker dealers, according to a company release.
Franklin Templeton and other firms have been trying to take advantage of the explosive growth in exchange-traded funds. Franklin has been building out its team, recently hiring Dina Ting from BlackRock as senior portfolio manager for global ETFs. Patrick O’Connor, who was a partner in BlackRock’s iShares business, joined Franklin in November to develop the firm’s ETF capabilities.
Mann previously led client execution services for the U.S. capital markets team at BlackRock’s iShares unit. He left that company this week after more than six years, according to Paul Young, a spokesman for New York-based BlackRock.
The iShares client execution group helps offer customized ETF trading strategies to institutional investors, according to the firm’s website.