NEW YORK--(BUSINESS WIRE)--Fiduciary Trust Company International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, announces that Gene Todd has joined the firm as executive vice president for business development. Based in San Mateo, CA, where Franklin Templeton is headquartered, Mr. Todd will be responsible for overseeing all aspects of client development.
“As we explore opportunities to expand and enhance our resources, services, and national footprint, Gene will work with our leaders to ensure we are well-positioned to deliver peace of mind to current and future high-net-worth clients,” said John M. Dowd, chief executive officer of Fiduciary Trust Company International. “Gene’s experience in solving wealthy clients’ financial needs, combined with his strategic mergers and acquisitions experience, will help us as we continue to grow.”
In his new position, Mr. Todd will develop and implement strategies to increase Fiduciary Trust’s market share, revenue, and profitability. These strategies will include initiatives for driving new business among high-net-worth individuals and families in the U.S., Latin America, Europe, and Asia.
Mr. Todd, an executive committee member of the Bank, Insurance & Securities Association’s board of directors, has more than 25 years of experience in multiple areas of the financial services industry, including wealth management, private equity, venture capital, M&A, and leveraged buyouts. He joins Fiduciary Trust Company International from First Bank, Inc., one of the country’s largest family owned banks in St. Louis, where he served as executive vice president and head of the wealth management group.
Mr. Todd previously served as director of sales at Key Private Bank in Cleveland, where he created a wealth management insurance platform. Prior to joining Key Private Bank, Mr. Todd was a senior managing director and head of the Equity Sponsor Group at National City Corp., now PNC Bank. Prior to joining PNC, Mr. Todd was an investment banker at Morgan Stanley in New York, where he focused on M&A and capital market transactions for leveraged buyout firms.
“Fiduciary Trust Company International’s ongoing expansion enables more high-net-worth clients across the country, and around the world, to increase and preserve their wealth across generations,” said Mr. Todd. “We are committed to making the ongoing growth of our offering and our organization as seamless as possible for clients and team members alike.”
Fiduciary Trust Company International has steadily bolstered its client solutions and national presence. The firm recently announced it has agreed to acquire The Pennsylvania Trust Company, a leading wealth management practice in the Philadelphia area with about $4 billion in assets under management. Fiduciary Trust also announced an agreement to acquire Athena Capital Advisors, LLC, a Lincoln, MA-based registered investment advisor (RIA) with approximately $6 billion in assets under management.
Mr. Todd earned his MBA in finance from the University of Michigan, and received his bachelor of science in finance from The Ohio State University. While living and working in St. Louis, he served on the boards of directors for Boys & Girls Clubs of Greater St. Louis, the Urban League of Metropolitan St. Louis, and Loyola Academy. He is a frequent contributor to CNBC and other news outlets, including The Wall Street Journal.
About Fiduciary Trust Company International
Fiduciary Trust Company International, a global wealth management firm, has served individuals, families, endowments and foundations since 1931. With over $75 billion in assets under administration and management as of September 30, 2019, the firm specializes in strategic wealth planning, investment management and trust and estate services, as well as tax and custody services. The firm and its subsidiaries maintain offices in New York, NY, Coral Gables, FL, Boca Raton, FL, St. Petersburg, FL, Los Angeles, CA, San Mateo, CA, San Francisco, CA, Washington, DC, Wilmington, DE, and Arlington, VA. For more information, please visit fiduciarytrust.com, and for the latest updates, follow Fiduciary Trust on LinkedIn and Twitter: @FiduciaryTrust.
About Franklin Resources
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization operating as Franklin Templeton. Franklin Templeton’s goal is to deliver better outcomes by providing global and domestic investment management to retail, institutional and sovereign wealth clients in over 170 countries. Through specialized teams, the Company has expertise across all asset classes, including equity, fixed income, alternatives and custom multi-asset solutions. The Company’s more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With employees in over 30 countries, the California-based company has more than 70 years of investment experience and over US$698 billion in assets under management as of December 31, 2019. For more information, please visit franklintempleton.com.
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