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Franklin Templeton
Shelly Durrant
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London, 6 January 2025: Templeton Emerging Markets Investment Trust (TEMIT1) is delighted to announce that Ms Sarika Patel has been appointed as a Non-Executive Director, effective 1 January. She will take on the role of Chair of the Audit and Risk Committee (“ARC”) and will work closely in the coming months with Mr Jeffreys, current Chair of ARC to ensure an orderly handover of the role. Mr Jeffreys was appointed in 2016 and will retire from the Board following the conclusion of the AGM in July 2025.
Mr Angus Macpherson, Chair of TEMIT said: “I am delighted that Sarika has joined the Board, she brings proven judgement and a wealth of experience which will be of considerable value to the Trust. I would also like to thank Simon Jeffreys for his contributions to the Board and wish him well in his retirement.”
Ms Patel is currently Chair of abrdn Equity Income Trust and chairs the Audit and Risk Committee of SDCL Energy Efficiency Income Trust. She is an experienced business leader having worked as a senior corporate finance professional at Zeus Caps (a principal investment and advisory platform focused on infrastructure and related sectors operating in India, Europe and the Middle East) and Grant Thornton.
She also serves as Chair of Action for Children and as a non-executive director of the Office for Nuclear Regulation. Previously Ms Patel was Audit and Risk Committee Chair of both Foresight Sustainable Forest Company and Sequoia Economic Infrastructure Income Fund. She is a chartered accountant, a chartered marketer, and holds an LLB from the University of Mumbai and an MSC E-business from the University of the West of Scotland.
Ms Patel commented: “I am excited to join the Board of Templeton Emerging Markets Investment Trust and look forward to working with the Chair, other members of the Board and Franklin Templeton. Emerging markets are at the forefront of a transformative period in global development, and TEMIT, the largest emerging markets investment trust, has established itself as a leader in the industry.”
For more information on TEMIT, please visit: temit.co.uk
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Contacts:
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Shelly Durrant Franklin Templeton Tel: +44 20 7073 8521 Email: [email protected] |
David Sells Teamspirit Tel: +44 7464 985 096 Email: [email protected] |
Notes to Editors:
1. TEMIT is a closed-end investment trust with approximately £2billion of assets under management (as of December 31, 2024) managed by Franklin Templeton. It is listed on the London Stock Exchange (TEM). The price of shares in TEMIT and income from them can go down as well as up and you may not get back the full amount that you invested. Past performance is not an indicator, nor a guarantee of future performance. Currency fluctuations will affect the value of overseas investments. When investing in a fund denominated in a currency other than sterling, performance may also be affected by currency fluctuations. In emerging markets, the risks can be greater than in developed markets. Please consult your professional adviser before deciding to invest.
This press release is intended to be of general interest only and does not constitute professional advice. Franklin Templeton and its management groups have exercised professional care and diligence in the collection and processing of the information in this press release. Franklin Templeton makes no representations or warranties with respect to the accuracy of this document. Franklin Templeton shall not be liable to any user of this report or to any other person or entity for the inaccuracy of information contained in this press release or for any errors or omissions in its contents, regardless of the cause of such inaccuracy, error or omission.
Any research and analysis contained in this document has been procured by Franklin Templeton for its own purposes.
Issued by Franklin Templeton Investment Management Limited, (FTIML). FTIML is authorised and regulated in the United Kingdom by the Financial Conduct Authority.
For more information on TEMIT please visit our website www.temit.co.uk.
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