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Franklin Templeton Appoints Global COO to Help Expand Growing Wealth Management Alternatives Business

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Franklin Templeton has appointed George Stephan as Global Chief Operating Officer of Wealth Management Alternatives, a newly created position. Reporting to EVP Adam Spector, Stephan will oversee alternative investments product innovation, investor services, and assist with business development. The firm manages $264 billion in alternative assets, representing 16% of its $1.65 trillion total AUM as of June 30, 2024. Stephan joins from KKR, where he served as Head of Strategy and Business Development for Global Client Solutions. The appointment aims to strengthen Franklin Templeton's position as a leading provider of alternative wealth solutions globally.

Franklin Templeton ha nominato George Stephan come Chief Operating Officer Globale di Wealth Management Alternatives, una posizione di nuova creazione. Riportando al EVP Adam Spector, Stephan supervisionerà l'innovazione dei prodotti di investimenti alternativi, i servizi agli investitori e assisterà nello sviluppo commerciale. L'azienda gestisce 264 miliardi di dollari in attivi alternativi, rappresentando il 16% dei suoi 1,65 trilioni di dollari di AUM totali al 30 giugno 2024. Stephan proviene da KKR, dove ha ricoperto il ruolo di Responsabile della Strategia e dello Sviluppo Commerciale per le Soluzioni Clienti Globali. La nomina mira a rafforzare la posizione di Franklin Templeton come fornitore leader di soluzioni patrimoniali alternative a livello globale.

Franklin Templeton ha nombrado a George Stephan como Director de Operaciones Globales de Wealth Management Alternatives, un puesto recientemente creado. Reportando al EVP Adam Spector, Stephan supervisará la innovación en productos de inversiones alternativas, los servicios para inversores y asistirá en el desarrollo comercial. La firma gestiona 264 mil millones de dólares en activos alternativos, lo que representa el 16% de sus 1.65 billones de dólares en AUM totales hasta el 30 de junio de 2024. Stephan se une a la empresa después de trabajar en KKR, donde ocupó el cargo de Jefe de Estrategia y Desarrollo Comercial para Soluciones de Clientes Globales. El nombramiento tiene como objetivo fortalecer la posición de Franklin Templeton como un proveedor líder de soluciones de riqueza alternativas a nivel mundial.

프랭클린 템플턴조지 스테판을 자산관리 대체투자의 글로벌 최고 운영 책임자(Chief Operating Officer)로 임명했습니다. 이는 새롭게 만들어진 직책입니다. EVP 아담 스펙터에게 보고하며, 스테판은 대체 투자 상품 혁신, 투자자 서비스 및 사업 개발을 지원하게 됩니다. 이 회사는 2024년 6월 30일 기준으로 2,640억 달러의 대체 자산을 관리하고 있으며, 이는 총 16.5조 달러 AUM의 16%에 해당합니다. 스테판은 KKR에서 글로벌 클라이언트 솔루션의 전략 및 사업 개발 책임자로 일한 바 있습니다. 이번 임명은 프랭클린 템플턴이 전 세계적으로 대체 자산 솔루션 제공업체로서의 입지를 강화하기 위한 것입니다.

Franklin Templeton a nommé George Stephan au poste de Responsable des Opérations Mondiales des Alternatives de Gestion de Patrimoine, une position nouvellement créée. Relevant de l'EVP Adam Spector, Stephan supervisera l'innovation des produits d'investissements alternatifs, les services aux investisseurs et assistera au développement commercial. La société gère 264 milliards de dollars d'actifs alternatifs, représentant 16% de son 1,65 trillion de dollars d'actifs sous gestion totaux au 30 juin 2024. Stephan rejoint l'entreprise après avoir été Responsable de la Stratégie et du Développement Commercial chez KKR pour les Solutions Client Globales. Cette nomination vise à renforcer la position de Franklin Templeton en tant que fournisseur de premier plan de solutions de patrimoine alternatives à l'échelle mondiale.

Franklin Templeton hat George Stephan zum Global Chief Operating Officer von Wealth Management Alternatives ernannt, einer neu geschaffenen Position. Stephan wird an EVP Adam Spector berichten und die Produktinnovation im Bereich alternative Investments, die Investorendienste sowie die Unterstützung bei der Geschäftsentwicklung leiten. Das Unternehmen verwaltet 264 Milliarden Dollar an alternativen Vermögenswerten, was 16 % seiner gesamten 1,65 Billionen Dollar AUM zum 30. Juni 2024 ausmacht. Stephan kommt von KKR, wo er als Leiter der Strategie und Geschäftsentwicklung für globale Kundenlösungen tätig war. Mit dieser Ernennung soll die Position von Franklin Templeton als führender Anbieter von alternativen Vermögenslösungen weltweit gestärkt werden.

Positive
  • Alternative assets represent significant portion (16%) of total AUM at $264 billion
  • Total AUM reaches $1.65 trillion
  • Strategic expansion in alternatives business through multiple specialist acquisitions
  • Diverse alternative investment capabilities across multiple asset classes
Negative
  • None.

New position strengthens firm’s ambition to become top provider of alternative wealth solutions globally

SAN MATEO, Calif.--(BUSINESS WIRE)-- Franklin Templeton today announced the appointment of George Stephan to the newly created position of Global Chief Operating Officer of Wealth Management Alternatives.

Reporting to Adam Spector, Franklin Templeton’s Executive Vice President and Head of Global Distribution, Stephan oversees alternative investments product innovation and investor services and assists with business development, management and operations. Stephan will partner with the firm's distribution leaders around the world to help drive the overall distribution strategy in addition to advisor education for the alternative investments business in the private wealth channel.

Franklin Templeton is now one of the largest managers in alternative assets globally, amounting to approximately 16% (US$264 billion) of the firm’s $1.65 trillion in assets under management as of June 30, 2024. Its specialist investment managers, each with deep domain expertise, provide a diverse range of alternative asset capabilities including private credit and real estate debt from Benefit Street Partners-Alcentra, real estate equity from Clarion Partners, secondary private equity and co-investments from Lexington Partners, hedged strategies from Franklin Templeton Investment Solutions and pre-IPO growth equity investments from Franklin Venture Partners.

“With more than 40 years of experience in alternatives and 382 alternative investment professionals around the world, we have been deliberate about building our capabilities in multiple ways – through acquisitions of specialists like Benefit Street Partners, Lexington and Clarion and by onboarding our offerings to key advisor platforms to make them more accessible to investors,” Spector said. “The result is that Franklin Templeton is one of the few traditional asset managers to build a successful alternatives business spread across a broad range of strategies and geographies.”

Stephan previously spent five years at Kohlberg Kravis Roberts & Co. (KKR), as the Head of Strategy and Business Development for the firm’s Global Client Solutions business. Before that, he was Chief Operating Officer and Head of Investor Relations for KKR’s Global Wealth Solutions business in the Americas. Prior to joining KKR, Stephan spent nine years at Morgan Stanley’s wealth management division.

Stephan holds a B.S. in finance and an MBA from Wagner College. He currently serves on the Leadership Advisory Council of Wagner College Nicolais School of Business.

About Franklin Templeton

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.6 trillion in assets under management as of September 30, 2024. For more information, please visit franklintempleton.com and follow us on LinkedIn, X and Facebook.

©2024 Franklin Templeton. All rights reserved.

Franklin Templeton Corporate Communications:

Lisa Tibbitts, +1 (904) 942-4451, lisa.tibbitts@franklintempleton.com

Source: Franklin Resources, Inc.

FAQ

What is Franklin Templeton's (BEN) current alternative assets under management?

Franklin Templeton manages $264 billion in alternative assets, representing 16% of its total $1.65 trillion AUM as of June 30, 2024.

Who is the new Global COO of Wealth Management Alternatives at Franklin Templeton (BEN)?

George Stephan has been appointed as the Global Chief Operating Officer of Wealth Management Alternatives at Franklin Templeton.

What are Franklin Templeton's (BEN) main alternative investment capabilities?

Franklin Templeton's alternative capabilities include private credit and real estate debt from Benefit Street Partners-Alcentra, real estate equity from Clarion Partners, secondary private equity from Lexington Partners, hedged strategies, and pre-IPO growth equity investments.

Franklin Resources, Inc.

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