April 28, 2008 / 12:49 AM / 10 years ago

Franklin Templeton unit names director for Asia

PHILADELPHIA, April 27 (Reuters) - Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, said on Sunday it named David Hudson as senior managing director to lead Darby’s Asia operations and its global infrastructure initiatives.

Darby is a subsidiary of Franklin Resources Inc (BEN.N), a global investment management organization operating as Franklin Templeton Investments.

In his new role, Hudson will oversee Darby’s Asia private equity investment operations. He will also have responsibility for developing Darby’s global infrastructure investment operations. Hudson, who will be based in Hong Kong after a brief rotation in Washington, DC, will start on May 1.

Hudson comes to Darby from ING Group where he most recently served as president and chief executive officer for the Americas in wholesale banking. (Reporting by Jessica Hall; Editing by Tomasz Janowski) (For more M&A news and our DealZone blog, go to here)

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