Franklin Templeton has hired Alan Bartlett as the new CIO of its $71bn AUM global equity business (TGEG) replacing Norm Boersma, who retires after 27 years with the firm.
Bartlett, who joins from 1 October, will oversee TGEG's global, regional and small cap equity strategies and will report to TGEG chair Sandy Nairn.
He joins from London-based independent multi-boutique Goodhart Partner, of which he was a founding member and CEO. Prior to this, Bartlett worked as CIO of the institutional multi-manager team at WestLB Mellon Asset Management, where he ultimately spearheaded the management buyout that led to the creation of Goodhart.
Prior to his investment career, he carried out senior research roles at MM Asset Management, Aon Investment Consulting and Hymans Robertson Actuaries & Consultants.
His appointment comes alongside further additions to TGEG, which has hired head of Asian equities at Nikko AM Asia Peter Sartori as an executive vice president and portfolio manager. Also beginning 1 October, Sartori will lead TGEG's Asia Pacific business to drive regional mandate efforts and serve as a key member of the group's leadership team in Singapore.
Bartlett replaces Boersma, who has occupied the role since 2012.
Nairn (pictured) said Boersma leaves after "many years of dedicated service and significant contributions to the firm and wish him well in his retirement."
He added that Bartlett is a "highly regarded leader in the investment industry and brings tremendous experience and a wide range of expertise to the team."
Nairn said: "Following a distinguished career in fund manager research and managing multi-manager portfolios, he built a successful boutique investment manager which identified and created products around investment opportunities and supported/advised fund management companies seeking to improve their investment performance.
"Through these efforts his business became a platform for supporting and acquiring interests in other fund management businesses, all with a fundamental value-oriented investment philosophy."