“I was fortunate to be part of a tightly knit organization where employees take responsibility and care for one another, which has in large part contributed to who I am today,” he said.
Although Yun left Fiduciary in 2005 to join Franklin Templeton, he has continued to serve as a member of Fiduciary Trust International’s board of directors since 2000, he said. Upon joining Franklin Templeton, Yun has served in a variety of leadership roles, including president of Franklin Templeton Institutional, president of Franklin Templeton’s Alternatives business, and most recently, head of advisory and wealth strategy of Franklin Templeton Investment Solutions. In 2016, he briefly returned to Fiduciary as interim CEO. This time, however, the return will be on a permanent basis.
“I’ve built strong relationships and networks in the investment industry over the years,” he said. “I plan to work with the local teams at Fiduciary Trust International to further expand those connections.”
Asked if the industry had become any more or less competitive since leaving Fiduciary Trust, Yun indicated that while some things had changed, others had not.
“The expansion of investment capabilities, sophistication of advice, and advancement of technology continue to drive competition in the industry, but they need to be fully integrated to provide the most value to both current and prospective clients,” he said in the email. “This is something that Fiduciary Trust International does really well.”
Financial Advisor asked Yun what Fiduciary Trust will offer prospective clients in the South Florida market, well known in the industry as a hub for an international clientele.
“We have local teams on the ground with experience and experience in cross-border planning,” he said in the email. “With demographic shifts and the ongoing migration of transplants from across the United States due to the state’s business-friendly policies, however, we see a tremendous opportunity to serve clients across a broader spectrum, including family offices, foundations and endowments, and as the investor’s investor. Our local specialist teams and personalized approach to planning is a competitive advantage within the marketplace.”