Michael Cabanas Rejoins Coral Gables Office of Fiduciary Trust International as Head of Relationship Development

NEW YORK, NY and MIAMI, FL--(Marketwired - Mar 2, 2016) -  Fiduciary Trust Company International, a leading wealth management firm and wholly-owned subsidiary of Franklin Resources, Inc., announced today that Michael Cabanas has rejoined the firm as Head of Relationship Development for Fiduciary Trust International of the South (Fiduciary Trust).

Mr. Cabanas, who served as a business development officer for Fiduciary Trust International of the South from 2006 to 2013, will return to Fiduciary Trust to focus on growing the firm's presence in South Florida by raising community awareness of the firm's wealth management capabilities, working with our existing clients and generating new business. He will be based in the firm's Coral Gables office and report to Gail Cohen, Chair and General Trust Counsel of Fiduciary Trust.

"We are delighted to have Michael back at the firm," said Ms. Cohen. "He brings unrivaled knowledge of both the region and the wealth management needs of South Florida, and will be instrumental in Fiduciary Trust's long-term commitment to clients, as well as to the trust and estate, tax, and legal communities."

Mr. Cabanas most recently served as Executive Vice President and Head of Wealth Management at Coconut Grove Bank. He has also held senior banking positions at BNY Mellon Wealth Management and J.P. Morgan Private Bank. He received his MBA from Nova Southeastern University and a Bachelor of Science degree from Florida International University.

Cabanas has volunteered with several local organizations, including serving as Impact Council Member for the United Way of Miami-Dade County and Board Member of the Boys and Girls Club of Miami-Dade County. He is a current member of the University of Miami's Citizens Board, STEP (Society of Trusts and Estates Practitioners) and board member of CAP Inc. 

About Fiduciary Trust

Fiduciary Trust Company International, a global investment management firm, has served individuals, families, endowments and foundations since 1931. With over $75 billion in assets under administration and management as of December 31, 2015, the firm specializes in strategic wealth planning, investment management and trust and estate services, as well as tax and custody services. The firm and its subsidiaries maintain offices in New York, Coral Gables, FL, Boca Raton, FL, St. Petersburg, FL, Los Angeles, San Mateo, CA, Washington, D.C., Wilmington, DE, and London. For more information please visit fiduciarytrust.com.

About Franklin Resources

Franklin Resources, Inc. (NYSE: BEN) is a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 180 countries. Through specialized teams, the company has expertise across all asset classes--including equity, fixed income, alternative and custom solutions. The company's more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in 35 countries, the California-based company has more than 65 years of investment experience and over $728 billion in assets under management as of January 31, 2016. For more information, please visit franklintempleton.com.

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