Franklin Templeton announced the appointment of Dr Yu Ben Meng as Executive Vice President and Chairman of Asia Pacific, effective July 15, 2021. In this newly created role, Meng will help drive Franklin Templeton’s Asia Pacific and global growth strategy in partnership with the firm’s existing leadership. He will report to President and CEO Jenny Johnson and serve on the firm’s Executive Committee.
Meng’s appointment builds on Franklin Templeton’s strategy to expand the reach and breadth of its investment offerings in the Asia Pacific region, with a particular focus in private equity, venture capital and other alternative asset capabilities. He will also help expand the reach of the tailored solutions the firm provides its institutional clients.
“I have long respected Franklin Templeton’s business, its long-term focus, and its collaborative, client-first culture and global reach. I am excited to build upon the firm’s nearly 75-year history and to be part of its next phase of growth in the Asia Pacific region,” said Meng.
Meng previously served as Chief Investment Officer for the California Public Employees Retirement System (CalPERS), where he oversaw investment strategies for its multi-asset class portfolio. He also served as Deputy Chief Investment Officer for the State Administration of Foreign Exchange (SAFE), which manages over $3 trillion, including investments in real estate, infrastructure, private equity and private credit.
Meng holds a Master of Financial Engineering degree from the Haas School of Business at the University of California at Berkeley and a Ph.D. in Civil Engineering from the University of California at Davis. He serves on the editorial board of the Journal of Investment Management (JOIM) and frequently teaches at top business schools globally. He is a member of the Council on Foreign Relations and the Committee of 100.