Franklin Templeton Fixed Income Group names chief investment officer
Franklin Templeton Investments have appointed Sonal Desai as chief investment officer of Franklin Templeton Fixed Income Group
Franklin Templeton Investments have appointed Sonal Desai as chief investment officer of Franklin Templeton Fixed Income Group, effective December 31, 2018, following nearly a decade of service to the firm.
In this role, Desai will oversee the firm's corporate credit, emerging markets debt, bank loan, global aggregate, securitized, money market, multi-sector, municipal and local fixed income strategies and teams, which manage a total of $157 billion in fixed income assets for investors around the world.
"Sonal Desai brings tremendous thought leadership and well-rounded expertise, cultivated through her experience in academia, with the IMF, and as an economist, combined with her many years of managing portfolios and leading our global macro research team," says Jenny Johnson, president and chief operating officer of Franklin Templeton Investments.
Desai joined the firm in 2009 as director of research for Templeton Global Macro. In this role, she has worked closely with Michael Hasenstab, chief investment officer of Templeton Global Macro, in leading the team's research agenda, focusing on regional and country-specific macroeconomic analysis, as well as valuation modeling of interest rates, exchange rates and credit risks across local- and hard-currency debt markets.
She will take on this new role upon Chris Molumphy's retirement at the end of the year. Molumphy has decided to retire after serving as chief investment officer of Franklin Templeton Fixed Income Group since 2000 and 30 years with the firm.
Desai will also replace Molumphy on Franklin Templeton's executive committee, a small group of the company's top leaders responsible for shaping the firm's overall strategy, which includes investment leaders Hasenstab, Ed Perks, chief investment officer of Franklin Templeton multi-asset solutions, and Stephen Dover, head of equities.
14 Sep 2018