Global investment manager Franklin Templeton and private equity firm Lone Star have recently made senior appointments in Asia, according to separate announcements.
Franklin Templeton ropes in Asia chairman
Global investment manager Franklin Templeton has announced the appointment of Yu Meng as executive vice president and chairman of Asia Pacific, a newly created role, effective July 15, 2021.
Meng, who will report to president and CEO Jenny Johnson, will help drive Franklin Templeton’s Asia Pacific and global growth strategy. He will also serve on the firm’s executive committee.
The point is in line with Franklin Templeton’s strategy to expand the reach and breadth of its investment offerings in the Asia Pacific region, with a focus in PE, venture capital, and other alternative asset capabilities.
Meng previously served as the chief investment officer for the California Public Employees Retirement System and as deputy chief investment officer for the State Administration of Foreign Exchange (SAFE).
“Expanding our alternative asset business and deepening our overall commitment to the Asia Pacific region are key strategic priorities for Franklin Templeton, and (Meng) is uniquely experienced and positioned to lead important initiatives in the region,” Johnson said.
Lone Star’s Quintin to head Opportunity Fund in Asia
Donald Quintin, president of Opportunity Funds at US-based private equity firm Lone Star Funds, has been appointed to lead Opportunity Fund investments in Asia, according to a company announcement.
The task is in addition to Quintin’s current responsibilities for Opportunity Fund investments in the Americas and Europe. Lone Star’s Opportunity Funds invest in operating companies, corporate debt, and single-family residential assets among other financial assets.
Quintin’s appointment comes as Lone Star Funds consolidated global leadership of its Commercial Real Estate and Opportunity Fund investment activities to now include its Asia operations.
“By consolidating Asia into our global structure, we believe we can allocate capital more effectively for the benefit of our limited partners, capitalize on opportunities in today’s rapidly evolving investment environment, and drive consistency in our investment approach across the globe,” said William Young, global president of Lone Star.