Gamba will report to Jenny Johnson, chief executive officer of Franklin Templeton, and join the company’s executive committee. In addition, the company announced that Gamba, Terrence Murphy, head of public market investments, and Matthew Nicholls, chief financial and operating officer, will become co-presidents, effective 15 October. Together, the co-presidents will work with Johnson and the board of directors to carry out the long-term plans of the company, the firm said in a statement. 

Gamba, who is succeeding Adam Spector, the new CEO of Fiduciary Trust International, was formerly the president of Northern Trust's $1.3 trillion asset management business. He led a turnaround that created organic growth, improved margins and accelerated innovation across public and private markets, the firm continued. Gamba was responsible for investment performance, talent development, business strategy, products, clients and operations. Before that, he spent more than two decades at BlackRock where he led investments and research, distribution and product teams.

Originally from Peru, he completed a bachelor’s degree in industrial engineering from the Catholic University in Peru and an MBA in finance and economics from Northwestern University’s Kellogg School of Management where he is a member of the global advisory board. Gamba is a CFA® charterholder and past chair of the board of governors of the CFA Institute.

“Daniel is a widely respected industry leader and brings extensive experience, which includes work across various geographies and asset classes, including public and private markets,” said Johnson. “Throughout his more than 25 years in the asset management business, he has become a trusted partner to clients in all segments across our industry. Daniel’s expertise aligns perfectly with our mission, culture and future ahead, and I’m confident that under his leadership, we will further strengthen sales, marketing, product development and customer experience to deliver the best possible investment outcomes for our clients.”

Over several years, Franklin Templeton said it has increased its efforts to provide investment capabilities across a range of clients worldwide.