Hank Murphy Joins Fiduciary Trust Company International as Managing Director and Portfolio Manager

NEW YORK, NY--(Marketwired - Jun 16, 2016) - Fiduciary Trust Company International, a global investment manager and wholly-owned subsidiary of Franklin Resources, Inc., today announced that Hank Murphy has joined the firm as a managing director and portfolio manager responsible for investment manager research, selection and monitoring. He will be based in the firm's headquarters in New York City.

"Hank's integrity, experience, and collaborative approach will make him a strong fit within our organization," said Wayne Sprague, executive vice president and director of Advisory Services. "He will be a valuable resource for our clients and colleagues for years to come."

Mr. Murphy joins Fiduciary Trust with over 25 years of experience in alternative investments. Most recently, he served as a partner and director of Investor Relations and Business Development at SLS Capital, a New York-based hedge fund. He has also held senior positions at Investcorp International, where he founded and managed Investcorp's hedge fund seeding platform, as well as Tiger Management and Cambridge Associates. Prior to entering the investment business, Mr. Murphy served as a Lieutenant and Division Officer in the U.S. Navy. He received his Master of Arts in International Relations from Boston University and a Bachelor of Arts degree from the University of New Hampshire.

About Fiduciary Trust

Fiduciary Trust Company International, a global investment management firm, has served individuals, families, endowments and foundations since 1931. With over $74.8 billion in assets under administration and management as of March 31, 2016, the firm specializes in strategic wealth planning, investment management and trust and estate services, as well as tax and custody services. The firm and its subsidiaries maintain offices in New York, Coral Gables, FL, Boca Raton, FL, St. Petersburg, FL, Los Angeles, San Mateo, CA, Washington, D.C., Wilmington, DE, and London. For more information please visit fiduciarytrust.com.

About Franklin Resources

Franklin Resources, Inc. (NYSE: BEN) is a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 150 countries. Through specialized teams, the company has expertise across all asset classes -- including equity, fixed income, alternative and custom solutions. The company's more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in 35 countries, the California-based company has more than 65 years of investment experience and over $737 billion in assets under management as of May 31, 2016. For more information, please visit franklintempleton.com.

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