Mark Mobius will step down as manager on most of Templeton Emerging Market Group's Luxembourg domiciled SICAVs, but will remain executive chairman at the group.
The news follows the appointment of Stephen Dover as CIO of the group in April and will see changes to the lead management of a number of the group's funds as part of the "ongoing evolution of Templeton...
£44bn committed to sector over five years
Key points from Hammond's 'balanced' Budget
No stamp duty on homes under £300,000
Second Budget this year
Rises in-line with CPI