Franklin Templeton Investments hires new senior managers for its Australian fixed income team.

Franklin Templeton Investments has strengthened its business in Australia with the addition of two new senior bond managers. 

Chris Siniakov and Andrew Canobi join the firm as managing director of fixed income and director of fixed income, respectively. In these roles, they will be focused on developing a range of local absolute return fixed income strategies, which the firm said in a statement is an avenue where it would like to grow in line with rising market demand.

Franklin Templeton built its fixed income business in Australia in 2011, when it acquired equity management firm Balanced Equity Management, but it has been operating in the country since 1987 via offices in Melbourne and Sydney.

The new hires bring 20 years of industry experience to the firm. Siniakov was previously the head of fixed income, Asia-Pacific at Deutsche Asset and Wealth Management, while Canobi also joins from the same company , where he was a director and senior portfolio manager for global fixed income.