Franklin Templeton has announced that Matthew Harrison and Tariq Ahmad will take on their new roles as co-heads of Apac in August.
They will replace Vivek Kudva, who will retire from the asset manager in late July, after 16 years of service at the firm.
The new duo will report to Adam Spector, executive vice president, global advisory services.
“Their appointment will allow us to capture rapid growth opportunities in the backdrop of shifting market dynamics. Given the strengths of both leaders, we are confident that they will meaningfully accelerate the firm’s growth in the region,” said Spector.
Harrison is currently Franklin Templeton’s managing director in Australia, while Ahmad is the incumbent head of Asia distribution.
They will jointly develop and execute the firm’s overall Apac strategy.
Change at the top for Matthews Asia
Meanwhile, Cooper Abbott has been appointed as the new chief executive officer for Matthews Asia.
He will succeed William Hackett, who will retire as chief executive of Matthews Asia at the end of this month.
Hackett will continue to serve as an advisor to the investment management firm during this transition period, to assist with the transfer of responsibilities.
Bringing over two decades of senior investment management experience, Abbott was previously president and chairman of Carillion Tower Advisers, which he founded.
