Avinash Satwalekar will take over as the president of Franklin Templeton India Mutual Fund in June 2022, the fund house has announced. The current president Sanjay Sapre will move to the parent company's digital strategy and wealth management division.
In his new role, Sapre will be leading the company's efforts to create digital solutions for distributors.
"Sanjay’s expertise in leading the digital transformation for the India business, as well as his distribution experience make him uniquely qualified for this new global role," the fund house said.
The incoming president Avinash Satwalekar joined Franklin Templeton in 1996 as a part of the Franklin Equity Group in San Mateo, California. He has been Country Head of Malaysia for the past five years and also serves as Chairman of Vietcombank Fund Management (VCBF), a joint venture between Franklin Templeton and Vietcombank in Vietnam.
