Posted inPeople Moves

Franklin Templeton hires China head

Joining from Nomura, Yu Qing is taking on a newly formed role to lead the US asset manager’s onshore business from the mainland.
Yu Qing, Franklin Templeton

To reflect the growing importance of China to Franklin Templeton’s business, the firm has created a new head of China role, to be held by Yu Qing.

Yu, who joins from Nomura, will report to Ben Meng, chairman of Asia Pacific.

“We are very pleased to have her join our team to further drive our China strategy, strengthen our relationships with client and regulatory stakeholders, and capture growth opportunities in this important market,” said Meng.

Yu is initially based in Beijing but will also work in the firm’s Shanghai office.

She will be responsible for providing leadership and strategic direction for the mainland China business and will focus on public investment solutions.

It is the first time Franklin Templeton has had a managing director based in China, a spokesperson confirmed to FSA.

Yu has over 30 years of experience in various government and financial services roles in China.

She was most recently the chairman of the board at Nomura Orient International Securities and managing director at Nomura Securities in China.

She has also worked at China Reinsurance Group, and China’s Ministry of Finance.

Franklin Templeton has made senior appointments in the Apac region over the last few months, including Christian Bucaro as head of retail for Asia, and Matthew Harrison and Tariq Ahmad as co-heads of Apac.

Part of the Mark Allen Group.