Franklin Templeton has named Richard Surrency as head of alternatives sales, Asia. Based in Singapore, Surrency joins the firm from Algebris Investments where he was most recently managing director for capital strategy.
Reporting to Mark Browning, managing director for Asia, Surrency will be responsible for growing the firm’s alternative business in Asia. In the role, he will develop country-level strategies and partner with various alternative investment groups, plus product and distribution teams, to generate new product solutions that meet the needs of the firm’s institutional and more sophisticated clients in the Asia region.
Surrency brings with him over two decades of experience in the financial industry. During his seven years at Algebris, he was responsible for capital raising for their long-only and alternative investment strategies with specific market coverage of APAC and the Middle East.
Prior to this, he was co-head, APAC, for legal & general investment management and head of transition management, Asia, at Morgan Stanley, and head of regional sales at Bank of New York Mellon in Singapore.
“[Surrency’s] strong background in alternatives will greatly enhance and further develop our business as we continue to see increasing demand for alternative products from customers in Asia, including our distribution partners and high-net-worth clients,” says Brown.