Franklin Templeton Adds to Institutional Team

Three key hires—Elizabeth Murphy, Mary Beth Glotzbach and Christina Manonian—in institutional sales, relationship management and consultant relations will strengthen Franklin Templeton’s foothold in the institutional marketplace.

Murphy, senior vice president of institutional sales, will manage key relationships with large institutional clients, primarily in the Northeast, including endowments, foundations, corporations and public funds. Her 18 years of experience in institutional sales include her most recent position as director at Blackrock for nine years, where she was primarily responsible for developing and broadening relationships with the firm’s largest clients and consultants. Prior to that, Murphy was a director at Deutsche Asset Management, tasked with improving and expanding the firm’s relationship with institutional clients. Murphy reports to Scott Lee, head of institutional, U.S., and is based in Stamford, Connecticut.

Also joining Lee’s team is Glotzbach as vice president of institutional defined contribution, investment only (DCIO). She will focus on developing and broadening products and solutions for institutional 401(k) plans. Glotzbach, who has more than 20 years of experience in the financial and defined contribution industry, most recently served as senior vice president of retirement solutions at Morningstar, where she implemented Morningstar’s retirement strategy across institutional software product groups, targeting solutions for advisers, consultants and asset managers. Glotzbach is a board member for the Defined Contribution Institutional Investment Association (DCIIA). She is based in San Mateo, California, and reports to Drew Carrington, senior vice president and head of institutional DCIO.

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Manonian, who has been with Franklin Templeton for 12 years, takes on the role of vice president, consultant relations. She most recently served as director of global consultants and financial institutions, where she was instrumental in strengthening the firm’s cross-border distribution across Asia and Australia. In her new role, she will manage strategic relationships with consultants across the West Coast. Manonian relocated from Melbourne to the firm’s headquarters in San Mateo, California. She reports to Dennis Rothe, senior vice president and head of the consultant and investment research group – North America.

Securian Expands Chicago Office

Securian Financial Group expanded its Chicago office with the addition of David Foley as regional sales vice president.

Foley is responsible for helping advisers in the small- and mid-sized qualified retirement plan markets deliver Securian’s retirement plan products. He covers the Midwest market, which includes Illinois, Indiana, and portions of Wisconsin and Kentucky.

The ongoing expansion of the sales team is due in part to advisers’ acceptance Securian’s open architecture platform that features fee levelization, says Vince Giordano, national sales vice president for retirement plans. “Record breaking 2014 sales results are an additional incentive for growing our sales team,” he notes. 

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Foley brings 13 years of experience to Securian, which provides financial security services for individuals and businesses through insurance, investments, and retirement plans. He has served with the retirement plan divisions at Transamerica and John Hancock, and earned a bachelor’s degree at Loyola University in Chicago.

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