Fiduciary Trust Appoints Viraj Patel as Director of Asset Allocation

NEW YORK, NY--(Marketwired - Dec 5, 2013) - Fiduciary Trust Company International, a global investment management firm serving individuals, families, endowments and foundations since 1931, has appointed Viraj Patel as Director of Asset Allocation, a position within the firm's investment platform.

As Director of Asset Allocation, Mr. Patel is responsible for leading the firm's work on global capital market return and risk expectations across asset classes. He will also focus on strategic modeling and market based tactical positioning for client portfolios. 

Fiduciary Trust focuses on creating a risk-aware investment process and building a team of portfolio and relationship managers that support multiple generations of clients, through the best and the most challenging market environments. The firm's strategic and tactical asset allocation process is designed to minimize the effects of marketplace volatility to help clients achieve their financial goals.

Before joining Fiduciary Trust, Mr. Patel spent 10 years at Northern Trust in various asset management roles with an emphasis on asset allocation. Most recently, he served as a portfolio strategist for clients with multi-manager exposures. Mr. Patel, an honors graduate of the University of Illinois, holds the Chartered Financial Analyst®¹, Chartered Alternative Investment Analyst®, and Financial Risk Manager® designations and is a member of the Global Association of Risk Professionals.

About Fiduciary Trust Company International
Fiduciary Trust Company International, a global investment management firm, has served individuals, families, endowments and foundations since 1931. With $43.7 billion in assets under management and administration as of September 30, 2013, the firm specializes in strategic wealth planning, investment management, trust and estate services, as well as tax and custody services. The firm and its subsidiaries maintain offices in New York, Miami, Boca Raton, Los Angeles, San Mateo, CA, Washington, D.C., Wilmington, St. Petersburg, FL, London and Hong Kong. For more information, please visit fiduciarytrust.com.

Fiduciary Trust Company International is a wholly-owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Bissett, Fiduciary Trust, Darby, Balanced Equity Management and K2 investment teams. The San Mateo, CA-based company has more than 65 years of investment experience and over $868 billion in assets under management as of October 31, 2013. For more information, please visit franklintempleton.com.

1. CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

Copyright © 2013. Fiduciary Trust Company International. All rights reserved.