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Franklin Templeton AMC: Change in Directorship

Mr.M.B.N. Rao, the former Chairman and Managing Director of Canara Bank, has been appointed as the Director of Franklin Templeton Asset Management Pvt. Ltd. w.e.f. May 19, 2009.

He has earlier worked with Indian Bank (CMD), Commercial Bank of India, MOscow (VC), Indian Banks' Association (Chairman).

Currently, he is serving as a Dirtector on the Boards of Governors of National Institute of Securities Markets and is also an active Member of the Corporate Governance and Audit Committee, HSBC India.

Mr Rao is a Bachelor of Science in Agriculture. He is also an Associate of the Chartered Institute of Bankers, London.