Franklin Templeton Investments Corp. has appointed Shane Clifford as its new senior managing director of alternative strategies.

Reporting directly to Mat Gulley, executive vice-president and head of alternatives, Clifford will be responsible for focusing on the global growth strategy and business development for the firm’s alternatives business. 

“We are excited to welcome someone of Shane’s calibre to the alternatives management team at Franklin Templeton,” said Gulley, in a press release. “He is a proven leader, having developed new and grown existing product and business lines in the alternatives space for global firms, specifically in private equity and infrastructure investing.

Read: Franklin Templeton appoints new CIO of fixed income

“Shane will provide valuable insight to Franklin Templeton’s alternatives team and we very much look forward to leveraging his well-rounded experience to help expand our alternatives offerings.”

Prior to the new role, Clifford served as senior managing director and global head of corporate strategy at EnTrustPermal Securities. Before that organization was formed by the merger of Permal Group and EnTrust, he was executive vice-president and global head of business development at Permal. Earlier in his career, Clifford worked for BlackRock Inc. as a vice-president in charge of Britain, Ireland and the Middle East.

“I am excited to have this opportunity to work with Mat and the alternatives team to help expand existing and develop new offerings for Franklin Templeton,” said Clifford. “Franklin Templeton has always been at the forefront of innovation and I am excited to be a part of an organization that is focused on delivering unique investment solutions to its clients.”

Read: Franklin Templeton appoints new VP of defined contribution and retirement

Copyright © 2019 Transcontinental Media G.P. Originally published on benefitscanada.com

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