Prudential chair Paul Manduca has joined the board of the Templeton Emerging Markets trust as its chairman steps down after more than a decade with the company.
Peter Smith had sat on the board of the £1.6bn trust since 2004 and had been chairman since 2007. He is to be replaced by Manduca, who will become a non-executive director immediately before taking over as chairman at a later date. Manduca is currently chairman of the board of Prudential, a role he took over in 2012. He is also chairman of the Henderson Diversified Income trust. Manduca was the founding CEO of Threadneedle and also served as European CEO at Deutsche Asset Management and global CEO at Rothschild Asset Management. The Templeton Emerging Markets investment trust ha...
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