NEW YORK--(BUSINESS WIRE)--Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, announces that Kenneth J. Kito, CFP® has joined the firm as a wealth director based in the New York office.
“Ken’s expertise and track record of producing strong results in support of sales and growth goals will help us ensure consistent communication about, and delivery of, strategies across equity, fixed income, and alternatives,” said Anne Fitzpatrick Donahue, regional managing director responsible for Fiduciary Trust International’s New York office. “New York and the surrounding markets comprise a vital region for our organization, and Ken is exactly the type of focused and talented professional we look for as we expand our office here.”
Mr. Kito joins Fiduciary Trust International from its parent company Franklin Templeton, where he served as territory specialist for retail U.S. distribution in Greater Philadelphia and New Jersey. He came to Franklin Templeton via its acquisition of Legg Mason in 2020. Mr. Kito held the position of assistant vice president of U.S. distribution at Legg Mason Global Asset Management, where he served as the dedicated point of contact for clients across the national wirehouse industry as well as independent wealth management firms. Earlier in his career, Mr. Kito was a portfolio advisor at Merrill Lynch.
“Our offering aligns the key areas of wealth management to help clients achieve the best overall outcomes for their wealth,” said Gene Todd, executive vice president and head of regional markets at Fiduciary Trust International. “The fulfilment of this mission for clients and their families, throughout all market conditions, requires a team of committed professionals in every channel of our organization. Ken embodies our dedication to clients, and his expertise will help us provide the holistic wealth management experience we are known for in the industry.”
Mr. Kito reports to Ms. Donahue, and holds the Certified Financial Planner™ (CFP) designation. He graduated cum laude from Quinnipiac University with a bachelor of science in financial management and economics.
“I became familiar with Fiduciary Trust International and its mission while working at Franklin Templeton,” said Mr. Kito. “I am looking forward to partnering with my new colleagues to further streamline the sales process, with the goal of bringing financial peace of mind to more clients in the Greater New York region.”
In August 2023, Fiduciary Trust International announced that Christina D’Elia as trust counsel in its New York office. Kimberly Rescorla, who is also based in New York, was named director of trust administration at the firm in June 2023. In addition, Anne Fitzpatrick Donahue was appointed regional managing director responsible for the New York office in May 2023.
Fiduciary Trust International’s New York-based professionals have received local industry recognition. Most recently, Rod Sayegh, head of digital strategy, was recognized by Crain’s New York Business as one of its “Notable LGBTQIA+ Leaders”—and Carin L. Pai, CFA, executive vice president and head of portfolio management and equities, was honored with a Pathfinder Award from Wealth Solutions Report as the AAPI (Asian American Pacific Islander) Portfolio Manager of the Year.
About Fiduciary Trust International
Fiduciary Trust International, a global wealth management firm headquartered in New York, NY, has served individuals, families, endowments and foundations since 1931. With over $94 billion in assets under management and administration as of June 30, 2023, the firm specializes in strategic wealth planning, investment management and trust and estate services, as well as tax and custody services. The New York-based firm and its subsidiaries maintain offices in Coral Gables, FL, Boca Raton, FL, Fort Lauderdale, FL, West Palm Beach, FL, St. Petersburg, FL, Radnor, PA, Lincoln, MA, Los Angeles, CA, San Mateo, CA, San Francisco, CA, Washington, DC, Wilmington, DE, Reston, VA, and Atlanta, GA. For more information, please visit fiduciarytrust.com, and for the latest updates, follow Fiduciary Trust International on LinkedIn and X: @FiduciaryTrust.
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,300 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and approximately $1.4 trillion in assets under management as of September 30, 2023. For more information, please visit franklintempleton.com and follow us on LinkedIn, X and Facebook.
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