President H. Johnson takes day-to-day oversight from chairman J. Goodfellow. Fiduciary Trust's chairman and co-CEO James Goodfellow has given up his executive responsibilities to Henry Johnson, formerly the firm's president and co-CEO, now its president and sole CEO. Goodfellow continues in his role as chairman of Fiduciary Trust.

"The stewardship of Fiduciary Trust by a team of effective leaders, and the smooth succession of leadership over time, has been critical to the firm's success," says Anne Tatlock, a former chairman and CEO of Fiduciary Trust who is now a member of the board of directors of Fiduciary Trust and its corporate parent Franklin Templeton. "Having worked closely with Jim and Henry for many years, I can attest to their leadership, business acumen, and commitment to our clients."

Hard times

Goodfellow joined Fiduciary Trust in 1994. He became chairman in the fall of 2006 and co-CEO in December 2006.

Johnson joined Fiduciary Trust in 1994 as well. Since becoming president late in 2005, and gaining the co-CEO title a year later, Johnson has shared the day-to-day management of the firm with Goodfellow.

Wealthy clients are turning to Fiduciary Trust in these uncertain times for many of the same reasons they did when the firm was founded in the early years of the Great Depression, according to Gregory Johnson, president and CEO of San Mateo-Calif.-based asset manager Franklin Resources -- and no blood relation to Henry Johnson.

"Fiduciary's conservative, highly personalized, relationship-centric approach to wealth management remains its hallmark, helping individuals and families grow and preserve their wealth, now and for future generations," says Gregory Johnson.

Fiduciary Trust has offices in New York, San Mateo, Calif., Los Angeles, Washington, D.C., Wilmington, Del., Miami, London, Hong Kong and Grand Cayman.

Franklin Templeton had $448.7 billion in assets under management at the end of May 2009. -FWR

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