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Executive Moves

Franklin Promotes Bolt to Chief Operating Officer

Franklin Templeton Investments has promoted Jennifer Bolt from executive vice president, operations and technology, to EVP and chief operating officer.

"In recognition of her in-depth knowledge of the investment management industry and our company, Jenny will take on an expanded role overseeing human resources and global compensation,' said Franklin Resources President and CEO Gregory E. Johnson. "Becoming COO acknowledges her successful oversight and guidance of many significant areas, including our investment operations, shareholder servicing and technology strategy, as well as Fiduciary Trust, our wealth management business."

Bolt will also oversee the firm's global transfer agency operations, investment management services, banking subsidiaries and the development of new software and infrastructure/systems support.

Bolt has been with Franklin since 1988 and is a board member of subsidiaries Riva Financial Systems and Keynote Systems. In addition, she also is a director of the Juvenile Diabetes Research Foundation and Shelter Network.

Recruiter FPL Seeks Talent in Asset Manager Push

Chicago-based FPL Advisory Group, an executive search and consulting firm with clients such as real estate investment trusts, real estate managers and private-equity managers, now wants to represent top talent in asset and wealth management, too.

FPL has hired a veteran name in the recruiting sector, Amy de Rham, the former North American leader in the asset management practice at Korn/Ferry in Los Angeles, to lead the charge.

"This is a natural extension of the core franchise that FPL has built," said de Rham, an FPL managing director and national practice leader.

De Rham brings years of experience as a consultant to global financial services companies, money management and specialty firms, endowments, foundations and funds-of-funds.

In 2003, she was part of a massive recruitment haul at Korn/Ferry, which picked up 31 senior client partners. At the time, Korn/Ferry was rebounding from a two-year profit drought, which had forced it to cut its workforce in half, and it lured her over from rival Spencer Stuart in Chicago, where she worked in the financial services practice.

De Rham is based in Boston, the headquarters city of some large mutual fund companies and many asset management firms. "We're going where the business is," she said.

Elliott Joins ConvergEx as SVP, Plan Sponsor Sales

ConvergEx Group, a provider of investment technology solutions to institutional clients worldwide, most notably commission recapture and transition management, has hired Brian Elliott as senior vice president, plan sponsor sales.

A veteran of the investment management industry for the past 18 years, Elliott was formerly the chief marketing officer of Kayne Anderson Rudnick, where he also served as senior portfolio advisor and senior vice president of institutional account management. Prior to that, he was with AllianceBernstein and Nicholas Applegate Capital Management.

Commenting on Elliott's new job, based out of Los Angeles, Frederick J. Bailey, global head of plan sponsor sales at ConvergEx said, "Brian brings with him considerable talent, deep relationships and a wealth of industry knowledge that will be a key asset as we continue to expand our market share across this important client region."

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