Fiduciary Trust International

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New York, March 1, 2011 - Fiduciary Trust Company International, a leading wealth management firm headquartered in New York City, announced today that Gail E. Cohen, vice chairman and general trust counsel has been elected New York Bankers Association Treasurer and chairman of the organization’s New Century Investment Fund.  Ms. Cohen, following the traditional path from Treasurer to vice chairman, is expected to become the first woman chairman in the NYBA’s 117-year history.  The NYBA is comprised of the commercial banks and thrift institutions that engage in banking in New York State.  Members have aggregate assets in excess of $11 trillion and more than 200,000 New York employees.

“Gail is recognized globally for her expertise in the trusts and estates arena and has been advising multi-generational families and their foundations for more than 30 years,” said Henry P. Johnson, president and chief executive officer.  “Considering the recognition and accolades she has received throughout her career, it comes as no surprise that the NYBA has elected Gail to serve as Treasurer.” 

Ms. Cohen joined Fiduciary Trust in 1994 and currently serves as vice chairman and general trust counsel.  She is responsible for Fiduciary Trust’s client relationships, trust and estate services, and regional offices.  Ms. Cohen is a member of Fiduciary Trust’s Board of Directors, as well as a member of the Management and Executive Committees. Before joining Fiduciary Trust in 1994, she was a trusts and estates associate at the law firm of Debevoise & Plimpton. Previously, she was an associate at the law offices of Edward S. Schlesinger, P.C.  In addition to her new appointment at the NYBA, she is also a member of the Trust Management Association of the American Bankers Association and former chair of the Trust and Investment Executive Committee of the New York Bankers Association. 

Ms. Cohen currently sits on the Investment Committee of the New York City Bar Association, is a former member of that Bar Association’s Committee on Estate and Gift Tax, which she chaired from 1998-2001. For 2010, she was named one of the Top 50 Women in Wealth, selected by Wealth Manager Magazine.  Ms. Cohen is a member of the New York City Ballet Advisory Board, The Rockefeller University Committee on Trust and Estate Gift Plans, and the Planned Giving Committee of the Anti-Defamation League.  She also serves as an adjunct professor of law at Brooklyn Law School.  Ms. Cohen received a B.A. from Mount Holyoke College and a J.D., summa cum laude, from Brooklyn Law School.   She is admitted to the bar in New York and New Jersey.

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, Los Angeles, San Mateo, Washington, D.C., Wilmington, London, Hong Kong and Grand Cayman. For more information, please visit fiduciarytrust.com.

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 approximately $681 billion in assets under management as of January 31, 2011.  For more information, please visit franklintempleton.com.

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