Franklin Templeton institutional head retires

Thomas Duffy, executive vice president for Franklin Templeton's institutional business in the Asia-Pacific region, is retiring after 17 years of service. Wayne Shum, who joined the firm last year from Mercer Investment Consulting, is assuming responsibility for the Asia business, ex-Japan, ex-Australia. Duffy arrived in Hong Kong in 1990 to establish an office for New York-based Fiduciary Trust, a fund manager specializing in growth-oriented equities and global fixed income. He ove…