Franklin Templeton Investments has appointed David Zahn to head its European fixed income team following an overhaul of its strategy in this area.
Zahn has been promoted to head of European fixed income with immediate effect.
He manages several Franklin Templeton funds, including Templeton Strategic Bond, Templeton Euro Government Bond, and Templeton European Corporate Bond.
He also runs a number of global government and global aggregate fixed income portfolios.
In addition to his new title and role, Zahn will retain his current title and responsibilities as senior vice president and portfolio manager.
He will continue to report to John Beck, senior vice president and co-director of global fixed income for the Franklin Templeton Fixed Income Group based in London.
Zahn (pictured) has managed European fixed income portfolios for more than a decade and has been with Franklin Templeton since 2006.
Prior to joining the firm, he was a senior portfolio manager at Citigroup Asset Management.
Franklin Templeton's overhaul of its fixed income capability has been designed to meet the growing demand for European bonds from both retail and institutional investors, it said.
It will see the group add new, local investment resources on the ground in Europe, taking advantage of the existing global research platform.
Zahn will work with a dedicated European fixed income team of nine investment professionals based in London and four in San Mateo to generate investment ideas focused on European fixed income.
Jamie Hammond, managing director for Europe, said: "Under David's leadership, we will focus on enhancing our European fixed income capabilities in order to address the significant opportunities in this market segment.
"European fixed income is an important asset class for both retail and institutional investors throughout the region and this initiative will give us a dedicated team on the ground to enhance the products and service we can offer clients.
"We have enjoyed considerable support for our global fixed income products in Europe and we are now eager to widen the focus to include more regional and domestic products."
What made financial headlines over the weekend?
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch