Franklin Templeton Hires VP of U.S. Institutional Biz Development

May 24, 2011 ( - Franklin Templeton Institutional has hired Patrick T. Hughes, CFA, as vice president, U.S. Institutional Business Development.

Hughes will focus on developing business opportunities with defined benefit and defined contribution institutional investors nationwide. He reports to Scott M. Lee, CFA, managing director and senior vice president, U.S. Institutional Business Development.  

According to a press release, prior to joining Franklin Templeton, Hughes was vice president of sales and marketing for Bank of New York Mellon Transition and Beta Management, covering the western U.S. for all institutional plan types. Previously, he held senior sales, business development and marketing positions with Financial Engines and Mellon Capital Management.    

Hughes holds a B.S. in Finance from Miami University and an M.B.A. from The Ohio State University.