Franklin Resources Inc. has reorganized its financial and accounting activities and named two senior executives to new posts.
The mutual fund company, based in San Mateo, Calif., said it is dividing financial and accounting operations between two new divisions in response to continuing growth and the extra work-load in the wake of the acquisition of Templeton Galbraith & Hansberger Ltd.
Martin L. Flanagan, currently chief operating officer at Templeton, has been appointed senior vice president, chief financial officer, and treasurer of Franklin Resources.
He will be responsible for the financial and accounting activities of Franklin Resources and its subsidiaries.
Ken Domingues, a senior vice president of Franklin, will be responsible for financial and accounting activities of the investment companies in Franklin's mutual fund operations. His title will be treasurer and chief financial officer of that group.
Franklin acquired Templeton Galbraith & Hansberger, manager of the Templeton mutual funds, in October.