Fiduciary Trust Appoints Ware Palmer as Managing Director

WASHINGTON, DC--(Marketwire - March 17, 2011) - Fiduciary Investment Management International, Inc., a subsidiary of New York-based Fiduciary Trust Company International, today announced the appointment of C. Ware Palmer as managing director of business development, based in Washington, D.C. Mr. Palmer is responsible for building new investment and trust client relationships with individuals, families and foundations.

"We continue to see strong demand in the Washington, D.C. area for Fiduciary's full-service wealth management capabilities as individuals increasingly seek an integrated approach to managing assets," said Luke Fowler, executive vice president and head of business development, marketing and custody services. "Ware has distinguished himself as a trusted consultant to wealthy families in the D.C. area. His strong ties to the community will enable Fiduciary Trust to expand its presence and provide the customized solutions that wealthy individuals and families are seeking."

Mr. Palmer joins Fiduciary Trust with more than 25 years of experience in the financial services industry, working for the nation's top financial services organizations. Prior to joining Fiduciary Trust, he served for three years as senior vice president and team director at BB&T Financial, where he was responsible for wealth management in Washington D.C., Virginia and Maryland. Palmer earned an M.B.A. from University of Pennsylvania's Wharton School, a M.S. in MIS at University of Virginia's McIntire School of Commerce, and a B.A. from Washington and Lee University. He is a Certified Mortgage Banker and a CFA Candidate (Level II).

Mr. Palmer serves as a Board Chair at the Arlington YMCA, and as a development committee member for Leadership Arlington, and a committee member for the largest fundraiser of the Arthritis Foundation of Metropolitan Washington, D.C.

Fiduciary Trust Company International, a leading wealth management firm has served individuals, families, endowments and foundations since 1931. The firm specializes in strategic wealth planning, investment management, trust and estate services, as well as tax, custody and banking services. The firm and its subsidiaries maintain offices in New York, Miami, Sarasota, St. Petersburg, Los Angeles, San Mateo, Washington, D.C., Wilmington, London, Hong Kong and Grand Cayman. For more information, please visit

Fiduciary Trust Company International is a wholly-owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and over $693 billion in assets under management as of February 28, 2011. For more information, please visit

Copyright © 2011. Franklin Templeton Investments. All rights reserved.

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Rebecca Radosevich