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Jenny Johnson - Co-President, Franklin Templeton Investments

Jenny Johnson - Co-President, Franklin Templeton Investments
Craig: Welcome to our Five on 5, we’re pleased to be joined by

Jenny

Johnson

, the co-

president

of

Franklin

Templeton

Investments

in town for the Women’s Leadership Conference. Thank you for being here. Great to meet you.

Jenny

: Pleasure to be here. Craig: So tell us, first I want to ask you. You’re co-

president

of

Franklin

Templeton

investments

, congratulations.

Jenny

: Thank you. Craig: How in the world are you able to balance those duties and share that title, if you will.

Jenny

:
jenny johnson   co president franklin templeton investments
(Laughter) Well, so it’s a fairly new role since October and what happened is we both had pretty large areas of the firm and we maintained those independently and we’re now sharing really the investment and kind of our alternative and solutions function. We’re a global asset management firm and you know, we make sure that we meet every week and it’s all about communications. We tend to have a very similar approach in styles so I think that works pretty well and you know we’re, we’re
so far so good, we’ll see. Craig: (Laughter) 6 months in, it’s a process.

Jenny

: We’ll see as it evolves, yeah. Craig: okay very interesting. Alright so obviously you talked about

Franklin

Templeton

Investments

, well-known for your mutual funds. Tell us a little bit more. There’s obviously much more going on inside the company.

Jenny

: So

Franklin

Templeton

is a global asset management firm. We have over 750 billion in assets under management. We have offices in 35 countries and we
were really the

Templeton

brand was really the pioneers in international, kind of global investing. And so we have clients in 180 countries so we’re truly a global investment firm. Craig: okay so you’re in town for the Women’s Leadership Conference and we’re taping this now here in town but the actual thing was a few days ago. So tell us what you talked about, what you told the women at the conference.

Jenny

: So you know the conference was really designed for one, women networking with
each other and two, kind of sharing with each other, how you’re kind of balancing work life balance one, how as a woman you’re approaching your leadership and being successful in whatever it is that you do. The conference is people from education to business to and non-profits so it’s really kind of crosses the spectrum but a lot of the issues that women face in whatever their careers are are the same so just kind of sharing with each other the experiences. Craig: Okay very good. Alright
jenny johnson   co president franklin templeton investments
we’re gonna take a quick break. We’ll have much more in a moment, stay with us. Craig: Welcome back to our Five on 5, again we’re here with

Jenny

Johnson

, the co-

president

of

Franklin

Templeton

Investments

. So you work in an industry that I’m told, largely dominated by men. What is

Franklin

Templeton

’s approach to diversity and why do you think that’s an important subject for all people, all companies excuse me, to get into.

Jenny

: So there’s been a lot of studies now and really
the term is diversity and inclusion, right? It’s one to say well we have a diverse group of people but the question is do these people feel included? And do you encourage them to be included? So that people bring their full self to work right? You don’t want to lose anything because people are afraid to share kind of who they are. And studies have shown that when you get diverse perspectives to solving problems. You’re actually much more effective at solving problems. So we believe that
it’s important that we are open and that there’s a real message to being open to that. Our clients represent a diverse group of people and so ensuring that you have that perspective within the firm is important to be able to serve it. We’re fortunate in that as I mentioned, you know operating in 35 countries we actually naturally have to be able to incorporate multiple cultures but you want to make sure that you’re inclusive in all environments of those cultures. Craig: So as I
understand you have 5 children, is it 3 girls 2 boys?

Jenny

: 3 girls 2 boys, yes. Craig: Is that right? Okay. So I’m curious how you balance that with your work life but really what I want to focus on is the advice different that you tell your children, based on their gender. Do you tell the same things you tell your boys to your girls and career advice and that sort of thing?

Jenny

: So my career advice to my kids and none of them, none of my girls are following me in my industry, at least as
jenny johnson   co president franklin templeton investments
far as I can tell. You know, is really do what you love because you won’t feel like you’re working if you do what you love. You know. I think that’s really important because if you’re pursuing something because you feel like you have to pursue that versus what you love, you spend a lot of time working. So that would be my first piece of advice. I do have one somewhat unconventional piece of advice that I often give to women. Which is never, if you want to have children, people have their
own choice around whether they do or not. Don’t ever let your career impact that decision as to when you do. I’ve heard too many women say aw I wish I’d done it earlier, I’ve never heard a woman say uh that was too early. And my experience have been with women who have children and incorporating it does not change the trajectory of their career. So that’s my kind of one piece of advice, if my children happen to ask me that question I will give that piece of advice. Craig: Interesting
okay. So you climbed Mount Kilimanjaro in Kenya.

Jenny

: Yes. Craig: Massive mountain, what did you learn about yourself in doing that?

Jenny

: So, you know, it’s about 19,600 feet at the top. I did not take any altitude pills, which I didn’t need until I hit about 17,000 feet and then got an absolute splitting headache. Craig: Wow.

Jenny

: And you know, actually it’s very similar to how I feel about facing any difficult problem, which is you know if you think about the next 10,000 steps it
can be overwhelming, but if you think about the next five steps, that’s quite manageable. So to me as I got to this last 2,000 feet, it was really just, you know what keep moving forward. Keep doing the next step. Just focus on that and it was a great feeling. It’s not a technical climb, it’s more perseverance around okay I’m gonna get through this. Craig: Well it’s admirable thank you so much for giving us some of your time.

Jenny

: My pleasure. Craig: It’s great to meet you.

Jenny

:
Thank you. Craig: Stay with us, we’ll be right back.