Franklin Templeton Distributors has named a senior bank wholesaler for its New York City, Westchester County, and Long Island territories.

John Somers was a wholesaler in the Northeast for Orbitex Group of Funds, a mutual fund company with U.S. headquarters in New York.

He started Aug. 24 with Franklin, which is based in San Mateo, Calif., and has 16 bank wholesalers.

Mr. Somers' career includes experience as a broker with Citicorp as well as wholesaling experience with Transamerica Funds.

"John brings solid wholesaling as well as bank retail brokerage experience to this job," said Toby Mumford, Franklin Templeton's national director of sales for banks.

Franklin Templeton Distributors is a subsidiary of Franklin Resources Inc. The parent company's investment management arm, Franklin Templeton Group, had $236 billion of assets under management at midyear.

-Stephen Garmhausen

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