The firm believes that the new chief administrative officer's technical expertise, clear understanding of risk and deep knowledge of its systems will help it to deliver a superior client and advisory service.

Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, has announced that Craig Richards, executive vice president, has been appointed chief administrative officer. He most recently served as director of tax services, and maintains oversight of the firm’s tax services team, which he has led since 2006.

Richards, who joined Fiduciary Trust International in 1984, serves on the firm’s executive, management, and operating committees, and is chairman of the directors trust committee. He is also a member of the boards of directors of Fiduciary Trust Company International and subsidiaries Fiduciary Trust International of Delaware and Fiduciary Trust International of California, the firm said in a statement.

“Craig’s strong technical expertise, his clear understanding of risk, and deep knowledge of our systems put him in an excellent position to lead us in our mission to deliver the best client and advisory experience in the industry,” John M Dowd, chief executive officer of Fiduciary Trust International, said.

“Fiduciary Trust International’s organization has doubled in size and complexity over the past few years,” Richards said. “My more than 30 years with the firm have given me the privilege to learn about all of our teams and functions inside-out – and I am pleased to be able to harness this expertise to continue streamlining processes and aligning the execution of core business priorities, so we can deliver a strong client and employee experience.”

Richards is a member of the American Institute of Certified Public Accountants, and the New Jersey State Society of Certified Public Accountants. He holds the Certified Public Accountant (CPA) and Certified Financial Planner™ (CFP®) designations. He earned his master of science in taxation from Seton Hall University, and graduated from Saint Peter’s College with a bachelor of science in accounting.

Fiduciary Trust International, a global wealth management firm based in New York, has served individuals, families, endowments and foundations since 1931. With over $87 billion in assets under management and administration as of December 31, 2022, the firm specializes in strategic wealth planning, investment management and trust and estate services, as well as tax and custody services.