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Franklin Templeton Investments appoints president and CIO of Bissett

Franklin Templeton Investments has appointed Michele as president, and Garey Aitken as chief investment officer of Bissett Investment Management.

For both Bissett’s retail and institutional businesses, Ms Horne will oversee the balanced portfolio management and fixed income teams and Mr Aitken will oversee the equity team. Ms Horne and Mr Aitken will report to president and CEO of Franklin Templeton Investments, Don Reed.

Ms Horne and Mr Aitken will be working closely on transitioning Bissett’s leadership with president and chief Investment officer (CIO) of Bissett Investment Management, Fred Pynn. Mr Pynn will retire from the investment management firm at the end of June 2008.

Mr Aitken, co-lead manager with Mr Pynn on the Bissett Canadian Equity Fund since 2002, will become lead manager of the fund. Ian Riach, co-lead manager with Mr Pynn on the Bissett Multinational Growth Fund since 2005, will become lead manager of the fund.

Mr Reed said: Ms Horne and Mr Aitken bring a wealth of experience to their new roles, having worked more than 10 years with the Bissett investment team. They each have a deep understanding of Bissett’s business, investment process and clients’ needs.