Franklin Templeton has named a former executive from Asian and emerging market specialist Fullerton Fund Management as its chief investment officer for emerging market equity.

Manraj Sekhon (pictured below), who left Fullerton in November 2016, is set to join Franklin Templeton on February 19, according to a release from the firm. He brings with him more than 20 years of investment experience focused on the developing markets.

In his new role Sekhon will oversee Franklin Templeton’s more than 80 emerging markets equity investment professionals in 20 offices globally, representing over $45 billion in assets under management.

Sekhon will report to Stephen Dover, head of equities for the US giant, and be based in the firm’s Singapore office.

The announcement coincides with the formal retirement of Franklin Templeton’s emerging market stalwart Mark Mobius, who completes his last day with the firm on January 31.

Commenting on the hire, Dover said: ‘As part of the next phase in the evolution of our emerging markets teams, we are pleased to bring on a leader who I am confident will best leverage the breadth of our investment talent across emerging markets equities to deliver the high quality investment strategies and performance that our clients expect.’

During his time with Fullerton Fund Management, where he  served as chief investment officer and chief executive, Sekhon drove the growth and strategy of the Singapore-based investment firm on a global basis.

He was previously head of international equities at Henderson and has also worked for BlackRock and Invesco.