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Franklin Templeton reveals ambitious growth plans in Poland


2011-09-29



Franklin Templeton, the leading global investment management group, is eyeing takeover targets among mutual funds in Poland as it seeks to sharply expand the scale of its Polish operations, Puls Biznesu reported. Borno Janekovic, Sales Head, Central and Eastern Europe, said Templeton wanted the value of assets under management in Poland to increase by 40% to hit $1bn (approx. €735m) within the next 12 months, and M&A deals could be one source of growth. The fund is looking at strategic acquisitions that would complement or broaden its existing potential in terms of human resources, brand awareness, or distribution channels, while assets alone are not a factor.

According to Mr. Janekovic, as Polish customers become more sophisticated and demanding and as the country’s banks become more willing to work with foreign fund managers, there is strong growth potential for Templeton in Poland, which is currently strongly dominated by domestic companies. He gives the example of Germany, historically also a tough market for foreign players, where its assets have quadrupled to €20bn in the space of a few years.



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