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NEW YORK - Franklin Templeton announced Thursday that Rich Nuzum has joined the firm as Head of Outsourced Chief Investment Officer (OCIO) services within Franklin Templeton Investment Solutions (FTIS). According to InvestingPro data, Franklin Templeton (NYSE: BEN) has demonstrated strong momentum with a 28% return over the past six months, while maintaining its 45-year track record of consistent dividend payments.
Nuzum, who previously served as Executive Director of Investments at Mercer, will begin his new role on July 28. He will be based in New York and report to Adam Petryk, Head of Franklin Templeton Investment Solutions. The appointment comes as the company shows promising growth prospects, with InvestingPro analysis indicating expected net income growth this year. Get access to 8 more exclusive ProTips and comprehensive financial analysis with InvestingPro.
In his position, Nuzum will lead the development and expansion of the OCIO business, building on FTIS’s growth in recent years. The appointment aligns with Franklin Templeton’s strategic priority to enhance its OCIO offerings as asset owners increasingly seek streamlined operations and investment expertise.
"The OCIO business is a key strategic priority as asset owners seek streamlined operations, top-tier investment expertise, and cost efficiency," said Jenny Johnson, President and CEO of Franklin Templeton, in a press release statement.
Nuzum brings over three decades of experience from Mercer, where he provided investment consulting advice to institutional investors. He holds an MBA from the University of Chicago, a bachelor’s degree from Rice University, and is a CFA charterholder.
Franklin Templeton Investment Solutions, which launched its first strategy in 1996, currently manages $93 billion in assets with a team of over 100 multi-asset investment professionals as of June 2025.
Franklin Resources, Inc. (NYSE:BEN), operating as Franklin Templeton, manages approximately $1.6 trillion in assets as of June 30, 2025, and serves clients in over 150 countries through its specialist investment managers. The company maintains a strong financial position with liquid assets exceeding short-term obligations and a healthy current ratio of 6.58. Discover the complete financial health analysis and Fair Value assessment in the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Franklin Resources has reported several notable developments. Goldman Sachs has upgraded Franklin Resources from Neutral to Buy, citing an improving growth outlook and setting a price target of $29. This upgrade is based on the company’s increasing traction in alternative investments and a reduction in outflows from traditional products. Additionally, TD Cowen raised its price target for Franklin Resources to $28, maintaining a Buy rating and highlighting the company’s positive flow outlook. The firm emphasized Franklin’s strong performance in assets under management (AUM) and long-term flows, which exceeded expectations.
Franklin Resources also announced a minor merger and acquisition deal in Europe, although specific details have not been disclosed. In another strategic move, Franklin Templeton plans to liquidate its Franklin FTSE Hong Kong ETF, with the liquidation process set to begin in June 2025. This decision follows approval by the fund’s board of trustees and outlines a timeline for the cessation of trading and liquidation of assets. Lastly, Franklin Resources has updated its bylaws to include a Delaware forum selection clause, specifying the Court of Chancery of the State of Delaware as the exclusive forum for certain legal actions. These recent developments reflect Franklin Resources’ strategic initiatives and ongoing efforts to strengthen its market position.
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