Fiduciary Trust's Ronald J. Sanchez Assumes New Role as Chief Investment Officer

NEW YORK, NY--(Marketwired - Jun 11, 2014) -  Fiduciary Trust Company International, a global investment management firm serving individuals, families, endowments and foundations since 1931, announced today that Ronald J. Sanchez, CFA®¹ has assumed the position of chief investment officer. Mr. Sanchez succeeds vice chairman, S. Mackintosh Pulsifer who will serve as senior advisor to the Investment Department and will continue to serve on Fiduciary Trust's board of directors.

"Ron and Mackin have been strong partners throughout their 21-year working relationship at Fiduciary Trust, and I am thankful for Mackin's years of service to our clients, his colleagues and our firm," said Henry P. Johnson, president and chief executive officer of Fiduciary Trust. "Ron has played an increasingly significant role in developing our firm's investment capabilities and refining our asset allocation strategy, all while leading Fiduciary Trust's Fixed Income Department with distinction. Our clients will continue to benefit from his innovative and forward-thinking perspective."

Mr. Sanchez joined the firm in 1993. In addition to his new role, he will continue to serve as co-chairman of Fiduciary Trusts' Asset Allocation Committee and as a member of the Management Committee. He is also a member of the Franklin Templeton Solutions Global Investment Committee and Franklin Templeton's Fixed Income Policy Committee. Franklin Templeton Investments is Fiduciary Trust's parent company.

"Over the past two decades, I have had the pleasure of getting to know many of our firm's clients," said Mr. Sanchez. "I look forward to continuing to deliver the high quality investment results and solutions our clients have come to expect." 

"Looking ahead, Fiduciary Trust is powerfully positioned to meet the challenges of an evolving economic environment with a strong foundation of investment expertise, a deeply experienced and long-tenured professional staff, and an enviable list of clients from around the globe," added Mr. Johnson.

About Fiduciary Trust Company International
Fiduciary Trust Company International, a global investment management firm, has served individuals, families, endowments and foundations since 1931. With $46.3 billion in assets under management and administration as of March 31, 2014, 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, Miami, Boca Raton, Los Angeles, San Mateo, CA, Washington, D.C. Wilmington, DE, 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, Franklin 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 $895 billion in assets under management as of April 30, 2014. For more information, please visit franklintempleton.com.

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