Franklin Templeton said Mr Savage will be responsible for providing the firm’s “full range” capabilities to institutional investors in Queensland, New South Wales and Western Australia.
Prior to joining Franklin Templeton, Mr Savage worked for boutique manager Tribeca Investment Partners as head of institutional sales.
Commenting on the appointment, Franklin Templeton's Australian managing director, Maria Wilton, said diversification across investment capabilities and market segments “is an important part” of the firm's long-term business strategy.
"Following the acquisition of Australian equity manager Balanced Equity Management in 2011, K2 Advisors in 2012, and adding Australian fixed-income specialists this year, it is important to have the right team in place to meet the demands of our clients and address the growth opportunities we are seeing," Ms Wilton said.
