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Franklin Templeton India President Sanjay Sapre moved to different role

Sanjay Sapre was appointed as president of FT MF in 2016 and decision to wind-up schemes was taken during his stint.

February 24, 2022 / 02:09 PM IST
Sanjay Sapre - President, Franklin Templeton India

Sanjay Sapre - President, Franklin Templeton India

Sanjay Sapre, the current president of Franklin Templeton India Mutual Fund (FT MF), will be replaced by Avinash Satwalekar, who is currently country head for Franklin Templeton in Malaysia.

Sapre will join Franklin Templeton’s Digital Strategy and Wealth Management division from July. He will be responsible for developing and leading Franklin Templeton’s consumer-oriented capabilities globally.

Satwalekar will take over as the new president of FT MF India from June 2022.

Sapre was appointed as president of FT MF in 2016 and during his stint, FT MF decided to wind-up six of its schemes, which shook the mutual fund industry in April 2020.