Mark Mobius is to relinquish listed manager status on several of Templeton Emerging Markets Group's (TEMG) funds amid a reshuffle of portfolio duties aimed at developing the "next generation of leaders".
Mr Mobius will step back as a listed manager from a number of vehicles, including the Templeton Africa, Asian Growth, Asian Smaller Companies and China funds.
However he will take sole responsibility for the group's Asean fund, currently co-managed with Dennis Lim. Mr Mobius will also remain as executive chairman of the organisation and contribute to its investment process.
The shift in responsibilities comes as part of a broader reshuffle following the appointment of Stephen Dover as group chief investment officer last year.
As part of the changes on the Luxembourg-domiciled fund range, which are due to come into effect over the coming months, director of global emerging markets and small cap strategies Chetan Sehgal will be named lead manager on the Asian Smaller Companies and Emerging Markets Smaller Companies funds.
Carlos Hardenberg, director of frontier market strategy, becomes sole manager of the Africa fund, as well as joining the several emerging markets-focused products.
Others including Eric Mok, Ahmed Awny and David Haglund have been added as listed managers among the range.
In a statement the group said: "These appointments align TEMG’s portfolio management teams across its fund offerings, recognise the investment leadership roles key individuals have been playing in their specific strategies and are aligned with our firm’s focus on developing the next generation of leaders."
| Fund Name | Current management team | New management team |
| Templeton Africa Fund | Mark Mobius | Carlos Hardenberg |
| Templeton ASEAN Fund | Mark Mobius (Co-Lead) | Mark Mobius |
| Dennis Lim (Co-Lead) | ||
| Templeton Asian Growth Fund | Allan Lam (Co-Lead) | Allan Lam (Lead) |
| Mark Mobius (Co-Lead) | Eric Mok | |
| Templeton Asian Smaller Companies Fund | Mark Mobius | Chetan Sehgal |
| Templeton China Fund | Eddie Chow (Co-Lead) | Eddie Chow |
| Mark Mobius (Co-Lead) | ||
| Templeton Emerging Markets Smaller Companies Fund | Mark Mobius (Lead) | Chetan Sehgal |
| Dennis Lim | ||
| Tom Wu | ||
| Templeton Shariah Asian Growth Fund | Allan Lam (Co-Lead) | Allan Lam (Lead) |
| Mark Mobius (Co-Lead) | Erik Mok | |
| Templeton BRIC Fund | Dennis Lim (Co-Lead) | Chetan Sehgal (Co-Lead) |
| Mark Mobius (Co-Lead) | Carlos Hardenberg (Co-Lead) | |
| Templeton Eastern Europe Fund | Grzegorz Konieczny (Co-Lead) | Grzegorz Konieczny |
| Mark Mobius (Co-Lead) | ||
| Templeton Emerging Markets Balanced Fund | Mark Mobius (Co-Lead) | Chetan Sehgal (Co-Lead) |
| Michael Hasenstab (Co-Lead) | Michael Hasenstab (Co-Lead) | |
| Laura Burakreis | Laura Burakreis | |
| Carlos Hardenberg | ||
| Templeton Emerging Markets Fund | Mark Mobius (Lead) | Carlos Hardenberg (Co-Lead) |
| Dennis Lim | Chetan Sehgal (Co-Lead) | |
| Tom Wu | ||
| Templeton Frontier Markets Fund | Carlos Hardenberg (Co-Lead) | Carlos Hardenberg (Lead) |
| Mark Mobius (Co-Lead) | Ahmed Awny | |
| David Haglund | ||
| Templeton Latin America Fund | Gustavo Stenzel (Co-Lead) | Gustavo Stenzel |
| Mark Mobius (Co-Lead) |
