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Franklin Resources appoints executive vice president/CFO

Franklin Resources Inc.'s Executive Vice President and CFO Kenneth Lewis will retire, effective May 6.

The company appointed Matthew Nicholls to replace Lewis on the day he retires.

Nicholls was managing director, global head of financial institutions, corporate/finance banking Citigroup Inc. He was also the global head of asset management, corporate and investment banking.

Lewis plans to remain with the company in an advisory role through the transition period.