Mr. Yun, leveraging his investment background and extensive global experience with institutional markets and investors, will head the company's specialized and alternative investment groups and will oversee the local asset management investment teams. In addition, Yun will have responsibility for overseeing both the investment and business sides of the company's asset management joint ventures, which currently include joint ventures in Vietnam, China and Dubai. Over the past decade, the company has established wholly-owned local asset management groups in Brazil, Canada, India, Japan and Korea. In addition, the emerging markets private equity and mezzanine finance capabilities of Darby Overseas, the fund of funds business of Franklin Templeton Managed Investment Solutions, and the global property offerings of Franklin Templeton Real Estate Advisors will fall under the alternative strategies umbrella.

Yun, newly appointed executive vice president of Alternatives Strategies, is an officer of Franklin Resources, Inc. Yun joined the organization with Fiduciary Trust Company International in 1992 and was a portfolio manager for eight years, becoming executive vice president overseeing Fiduciary Trust's global equity division. In 2000, shortly before the firm's acquisition by Franklin Templeton, Yun was named president of Fiduciary Trust, and served in this role until 2005. In 2002, he also became president of Franklin Templeton Institutional, the global business development group responsible for Franklin Templeton's institutional, defined benefit and investment-only separate account businesses. Prior to joining Fiduciary Trust, Yun worked in both asset management and investment banking at Blyth Eastman Paine Webber, First Boston and CB Commercial Holdings. He is a Chartered Financial Analyst (CFA) Charterholder and a member of the New York Society of Security Analysts. He earned an M.B.A. from The Amos Tuck School of Business Administration at Dartmouth College, and a B.A. from Harvard University.