Deals & PeopleNovember 10, 2009

Franklin Templeton Snags Beaulieu from Columbia

Franklin Templeton Investments recently added Matthew Beaulieu to its team of regional defined contribution investment-only (DCIO) specialists to cover the Western U.S. region.

Reported by Ellie Behling

Beaulieu joins Franklin Templeton’s growing DCIO team headed by Yaqub Ahmed, senior vice president and Investment-Only division head. Ahmed also recently joined the firm from Columbia Funds (see “Franklin Templeton Snatches Ahmed From Columbia Funds”).

As vice president and DCIO specialist, Beaulieu is responsible for DCIO sales in the Western U.S. region. Prior to joining Franklin Templeton, he was vice president and regional sales director at Columbia Management. Previously, he was regional vice president/director, investment-only at Principal Funds and regional sales director at The Hartford Corporate Retirement Plans.

Franklin Templeton said its DCIO team now has three regional specialists and plans to further expand. “Expanding our regional sales team is a key step to further developing and defining Franklin Templeton’s DCIO strategy and efforts to provide strong DCIO coverage for clients, strategic partners, and retail wholesalers,” Ahmed said.