Fiduciary Trust's Carin Pai Honored With New York Business Journal's Women of Influence Award

NEW YORK, NY--(Marketwired - Jan 20, 2016) -  Fiduciary Trust Company International (Fiduciary Trust), a leading wealth management firm and wholly-owned subsidiary of Franklin Resources, Inc., is pleased to announce that the New York Business Journal is honoring executive vice president Carin Pai with its second annual Women of Influence Award.

The award honors women business leaders in the New York City area who stand out both for their achievements in the marketplace as well as their commitment to the community and mentoring. Ms. Pai was recognized for her business acumen and performance over the past several years, as well as for setting a positive example as a leader, colleague and mentor. She is an active member and strong supporter of the Women@FTI initiative, a forum for employees to discuss how women can overcome barriers to career advancement.

The New York Business Journal's Women of Influence is part of a national effort by American City Business Journals to identify and celebrate women business leaders as well as foster business environments that will help develop more successful women in the future. Ms. Pai and other award recipients will be recognized at a luncheon on January 20^th at the Harvard Club in New York City.

"We are extremely proud of Carin's accomplishments and dedication to the firm," said Gail Cohen, chair and general trust counsel of Fiduciary Trust. "She is a true leader at our company with exemplary professionalism and personal touch."

As director of Equity Management and head of the Equity Strategy Committee, Ms. Pai is responsible for leading Fiduciary Trust's equity strategy and process. She manages client portfolios, oversees the firm's team of equity portfolio managers and serves on the management committee.

Prior to joining Fiduciary Trust in 1996, Ms. Pai worked at Prudential Securities in the brokerage division. She earned a B.S. in business administration from the University at Albany, State University of New York, and completed an Executive Program at Harvard Business School for investment management. She is a Chartered Financial Analyst (CFA)¹ charterholder and a member of the New York Society of Security Analysts.

About Fiduciary Trust

Fiduciary Trust Company International, a global investment management firm, has served individuals, families, endowments and foundations since 1931. With over $45 billion in assets under administration and management as of September 30, 2015, 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 approximately $763 billion in assets under management as of December 31, 2015. For more information, please visit franklintempleton.com.

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

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