Franklin Templeton Investments has announced the appointment of Adam Quaife as regional head of Southeast Asia and co-CEO of Singapore, effective February 17 2017. Reporting to Mark Browning, managing director for Asia Pacific, Quaife will be responsible for leading the firm’s retail and institutional distribution efforts across the region.

Quaife replaces Stephen Grundlingh in this role, as Grundlingh has moved to the firm’s headquarters in San Mateo, California to take on a newly created global position as channel head of institutional strategy. Since his relocation from Dubai to Singapore at the end of last year, Quaife has been working closely with Grundlingh to ensure a smooth transition of responsibilities.