Former Northern Trust president of asset management Daniel Gamba has joined Franklin Templeton as chief commercial officer, effective 15 October.
Based in New York, Gamba will oversee global sales, marketing and product strategy. He reports to Jenny Johnson, CEO, and replaces Adam Spector, who spent five years with the company.
Franklin Templeton reported US$1.6 trillion in assets under management (AUM) as of 30 June, up 2% year-on-year (YoY). Net income was down 47% YoY at the end of the second quarter, reaching a reported US$92.3 million.
Alongside Gamba, Franklin Templeton has promoted Terrence Murphy, head of public market investments, and Matthew Nicholls, chief financial and operating officer, to co-presidents.
Gamba has almost 25 years of industry experience, the bulk of which has been spent with BlackRock. He held a number of senior roles at the firm, including co-head of fundamental equities, global head of active equity product strategy and US co-head of iShares.
Prior to this, he was at Barclays Asset Management (before its acquisition by BlackRock) as director of global strategy and, later, CEO for LatAm and the Caribbean.
At Northern Trust Asset Management, which holds a reported US$1.7 trillion in AUM, Gamba is replaced by Michael Hunstad.
Hunstad has been with NTAM since 2012, and was promoted from global co-chief investment officer.
