Ms Johnson added: “He brings a tremendous amount of leadership experience and expertise in managing global and international equities, an area that continues to be of strong interest to our clients around the world.

“This is the latest example of the firm continuing to make strategic investments in relatively small, yet highly experienced asset management teams that complement Franklin Templeton’s global offerings.”

Mr Nairn said: “I am very excited to be coming back to Templeton, the company that gave me my great appreciation for global investing. My team and I are deeply familiar with the history and strong reputation of the broader Franklin Templeton organisation, and we’re pleased to join such a well-regarded firm.”

The deal is expected to be completed in the first half of this year.

Background

Sandy Nairn Ph.D is one of the founders of Edinburgh Partners. Prior to establishing Edinburgh Partners in 2003, he was chief investment officer of Scottish Widows Investment Partnership (November 2000 to March 2003).

Between 1990 and 2000, Nairn was part of the Templeton Global Equity Group where he was executive vice president and the director of research. While there, he managed a range of institutional accounts.

Before joining Templeton, Nairn spent four years at Murray Johnstone as a portfolio manager and research analyst. Prior to that, he spent a year as an economist at the Scottish Development Agency.

Nairn graduated from the University of Strathclyde in 1982, and in 1985 he earned a Ph.D. in economics from the University of Strathclyde/Scottish Business School. He is an associate of the UK Society of Investment Professionals in the UK and is a CFA charterholder.

About Franklin Templeton Investments

Franklin Resources, is a global investment management organisation operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 170 countries.

Through specialised teams, the company has expertise across all asset classes—including equity, fixed income, alternative and custom solutions. The company’s more than 650 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network.

With offices in more than 30 countries, the California-based company has more than 70 years of investment experience and $753 billion in assets under management as of December 31, 2017.