Riyadh, Saudi Arabia – Franklin Templeton is pleased to announce that on October 2 Muneera H. AIDossary has been appointed Chief Executive Officer for Franklin Templeton Financial Company, a new entity being established in Saudi Arabia. In this newly created role, she will be responsible for expanding Franklin Templeton’s presence and business in Saudi Arabia. Based in Riyadh, Muneera will report to Sandeep Singh, Head of CEEMEA & India, Franklin Templeton.

Singh commented: “I am delighted that Muneera AIDossary has joined our firm.  Franklin Templeton has been doing business with Saudi-based clients for around 25 years and with the rapid growth of the local Saudi market and increase in client demand, this is an exciting time to welcome Muneera on board. With a proven track in Saudi Arabia’s asset management and banking sectors, she brings robust experience and in-depth knowledge of the local market, which will strengthen our regional efforts and expansion plans.”

With over 20 years of industry experience, AIDossary joins Franklin Templeton from ANB Capital where she was Head of Asset Management. Prior to this, she served as Head of Asset Management & CIO for HSBC Saudi Arabia. AlDossary held various leadership roles at Mulkia Investment, Saudi Fransi Capital, part of Credit Agricole Asset Management and Banque Saudi Fransi. 

Additionally, AIDossary has served as Chairperson for the Board of the Capital Market Institutions Committee in Saudi Arabia from 2020-2022 contributing to her deep knowledge of Saudi Arabia’s regulations and capital markets. She holds a bachelor’s degree in business administration from the Arab Open University.

She commented: “I am thrilled to join such a dynamic and experienced team. This is a pivotal time in the Middle East as Saudi Arabia continues to develop its financial strength as part of Vision 2030. With Franklin Templeton’s strong brand, decades of investment expertise and a diverse and innovative range of investment solutions, I plan to leverage my experience and relationships to further expand our business in Saudi Arabia.”

President & CEO Jenny Johnson added: “We see exciting growth opportunities as Saudi Arabia continues to transform its capital markets given its geographical position at the crossroads of three continents and as the fastest growing member of the G20. As a result of the increased demand from both local retail and institutional segments, Franklin Templeton is looking forward to offering our breadth of capabilities across all asset classes and a wide choice of strategies to Saudi investors.”

Within the global asset management industry, Franklin Templeton is known for being an early entrant in the Middle East. A key region for our global distribution business, the firm has been operating in the region for approximately 25 years and serves some of the world’s largest sovereign wealth funds, central banks, family offices and global private banks based in the region.

About Franklin Templeton

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,300 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.4 trillion in assets under management as of August 31, 2023. For more information, please visit www.franklintempletonme.com and follow us on LinkedIn, Twitter and Facebook.

Franklim Templeton Financial Company is pending regulatory approval by the Capital Market Authority of Saudi Arabia.

This document is intended to be of general interest only and does not constitute professional advice. Franklin Templeton and its management groups have exercised professional care and diligence in the collection and processing of the information in this document. Franklin Templeton makes no representations or warranties with respect to the accuracy of this document. Franklin Templeton shall not be liable to any user of this report or to any other person or entity for the inaccuracy of information contained in this press release or for any errors or omissions in its contents, regardless of the cause of such inaccuracy, error or omission.

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Oliver Trenk
Corporate Communications
Franklin Templeton
Email: oliver.trenk@franklintempleton.de