Veteran Franklin Templeton portfolio manager Alex Peters is to exit the California-based asset manager after 25 years.
Peter is a manager on the firm's $2.3 billion Luxembourg-domiciled Franklin Income Fund alongside lead portfolio manager Edward Perks and Matthew Quinlan, which mirrors Franklin Templeton's $81.7 billion 40 Act version.
Peters will leave Franklin on March 3 2017 to pursue other opportunities, according to a spokeswoman for the firm.
He will be replaced on the fund by Todd Brighton and Richard Hsu, who will join Perks and Quinlan effective March 1 2017, according to a Securities and Exchange Commission filing.
Peters has been with Franklin since 1992, where he has worked in a variety of roles including head of investor relations, lead manager on the Franklin Global Communications fund (from 1998 to 2004), research analyst and product manager.
‘The changes reflect our continued focus on identifying opportunities for our investment team members to leverage their strengths, capabilities and interest,’ said a spokeswoman for the firm.
Brighton has been with the firm since 2000 and works as a research analyst and portfolio manager for the Franklin equity group.
Hsu has been with the firm since 1996 and works as a research analyst and portfolio manager for the Franklin Templeton fixed income group.