The Latest Buzz in Finance: Franklin Templeton Dives Into Crypto
In a move that’s sending ripples across the financial world, Franklin Templeton has decided to join the ranks of investment giants embracing cryptocurrency. Yes, you read that right! This well-established asset management company just posted job openings aimed at snagging crypto professionals. Traditionally known for its mutual funds and conservative investments, Franklin Templeton seems poised to shake things up.
The Job Openings
As of September 1, fresh LinkedIn postings highlight their quest for two mid-senior level experts to head their crypto trading and research efforts. They’re not just looking for any Tom, Dick, or Harry; they want the crème de la crème of crypto talent.
Crypto Research Analyst Duties
This position comes with some hefty responsibilities. The crypto research analyst will be diving deep into valuation models while keeping the bigwigs—like portfolio managers and senior executives—in the loop about business opportunities, regulations, and breakthrough technologies like staking. Sounds exciting, right? And who doesn’t want to help shape a new product suite in the ever-evolving world of crypto?
The Trader Role: Not Your Average Desk Job
Now, let’s get to the nitty-gritty of the trader’s position. They are on the lookout for an individual who can execute trades of major crypto assets such as Bitcoin (BTC) and Ether (ETH). It’s not merely about clicking buttons, though; the trader will also be responsible for timely portfolio rebalancing and lending a hand in reconciliation and settlement processes. The job description even hints that the ideal candidate should have a “process automation mindset.” So, if you’ve ever thought of yourself as a modern-day alchemist able to transform complex workflows into streamlined processes, this might be the gig for you!
Franklin Templeton’s Crypto Ambitions
With a jaw-dropping $1.4 trillion in assets under management, Franklin Templeton isn’t just any player; they’re one of the world’s behemoths in asset management. Their foray into the crypto space isn’t completely out of left field, either. They’ve been making cautious moves towards blockchain and crypto investments in recent years.
A Brief History of Their Crypto Engagement
In 2019, they led a funding round for Proof of Impact—a marketplace that champions both natural and social capital through blockchain. And who could forget that time they filed a prospectus with the SEC for a state money market fund focusing on blockchain-based shares? Clearly, they’ve been quietly strategizing their entrance into the crypto realm.
The Ripple Effect on the Job Market
Franklin Templeton’s hiring spree isn’t just about filling positions; it reflects a trend in the investment sector where traditional firms are waking up to the potential of crypto. As more attractive job opportunities pop up in the crypto sphere, this could potentially lure top talent away from traditional finance. Is this the dawn of a new era?
What’s Next?
As Franklin Templeton goes through the recruitment process, the industry will be watching closely. Will they successfully position themselves as a key player in the crypto world, or will it be another cautionary tale of a traditional firm trying to catch up? Only time will tell!
