Franklin Templeton Institutional, the fourth-largest mutual funds company in the US, has appointed senior vice-president Carter Bailey as head of US institutional sales.

Bailey will oversee a team of US regional directors responsible for marketing investment services including corporate retirement plans, public funds, foundations, and endowments.

Carrie Ann Wharton in New York

Deutsche Bank

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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Franklin boosts institutional sales

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