Franklin Templeton plans to open three new offices in Italy.

The company announced today that the new Rome, Florence and Padua offices confirm the growth of assets under management in Italy, reports Investment Europe. Assets in Italy reached 24.5 billion euros at the end of January.

"We are experiencing a time of great change. The Italian market is proving to be more receptive to these excellent products that benefit, in a context of uncertainty, by an a natural selection effect," said Sergio Albarelli, senior director of Southern Europe and Benelux.

"The opening of three new offices is part of a development plan designed to support and further strengthen the growth of Franklin Templeton on the Italian market through direct supervision of territories that are considered strategic."

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