State Oil Fund of Azerbaijan, U.S. Franklin Templeton discussing long-term collaboration

BAKU. Jan 16 (Interfax) - Azerbaijani President Ilham Aliyev met with Jenny Johnson, CEO and president of Franklin Templeton, one of the world's leading asset management companies, on Thursday in Baku.

"The Franklin Templeton CEO noted that preliminary steps had been taken to establish a mutually beneficial long-term partnership with the State Oil Fund of Azerbaijan (SOFAZ) and that the opportunities to deepen cooperation in strategic areas had been explored. She recalled her participation in events organized by SOFAZ during COP29 in November 2024, where these topics were explored. Johnson expressed confidence that this collaboration would open new strategic opportunities aligned with both parties' regional and global objectives, fostering long-term and effective outcomes," according to the presidential website.

Aliyev in turn emphasized the existence of a favorable environment for partnership with Franklin Templeton.

The total value of assets under Franklin Templeton management is $1.68 trillion. Established in 1947 in New York, the group includes a number of business structures that specialize in managing stocks, bonds, and other types of assets.