By : Islam Tawfik
Franklin Templeton,one of the world’s largest asset managers, is delighted to announce that it is expanding its presence in the Middle East with a new officeinKuwait-Franklin Templeton Global Investors Limited, Kuwait.
Jenny Johnson, President & CEO, Franklin Templeton: "We are excited to establish an office in Kuwait, a strategic hub that allows us to expand our business footprint and better serve our clients in the region. As we align with Kuwait's Vision 2035, we capitalize on the country's influential position in global investment and our established partnership with its Sovereign Wealth Funds, we are poised to offer our comprehensive capabilities to meet the growing demands of local and institutional investors."
This move follows decades of experience in serving Kuwait-based clients and aligns with FranklinTempleton's strategic framework to build a more diversified business by geography and strategy. The firm’s expansion into Kuwait is particularly significant given the country's role in global investment and its Sovereign Wealth Funds’ long-standing relationship with Franklin Templeton.
Franklin Templeton globallyoffers a comprehensive range of investment solutions that cater to diverse client needs. The firmspans traditional asset classes as well as alternative investments, providing a broad spectrum of opportunities for growth and risk management. Through its various investment vehicles, it delivers scalable solutions that are tailored to meet the unique goals and objectives of its clients. By leveraging Franklin Templeton’s global insights, research capabilities, and investment expertise, the firm helps clients navigate complex markets and achieve the long-term financial objectives. Furthermore,itsability to adapt and innovate ensures that it remains a trusted partner in an ever-evolving investment landscape.
Sandeep Singh, Head of CEEMEA & India and Co-Head of Global Official Institutions, Franklin Templeton: "Having been trusted as a partner by some of the largest investors in Kuwait for nearly 30 years and having invested in the country for almost 20 years, we prioritize building long-term relationships through deep understanding of our clients' goals and challenges, driving success through trust, innovation, and strategic partnership. We are committed to providing tailored solutions that capitalize on emerging opportunities in the region, building on our long-standing relationships and deep understanding of the local market.”
Initially, the new office will provide support to the firm’s Institutional business and will contribute to Kuwait's Vision 2035 goals by implementing sustainable practices, supporting economic diversification through enhanced services, contributing to human capital development via capacity-building initiatives, and promoting technological advancements in Kuwait's ecosystem.
Franklin Templetonis a global investment management organisation serving clients in over 150 countries with over 75 years of investment experience and it has been active in the Middle East for nearly 25 years.
