Fiduciary Trust Company International, a leading global investment manager and wholly-owned subsidiary of Franklin Resources, Inc., completed the relocation of its New York City headquarters to 280 Park Avenue on June 27th, along with other divisions of Franklin Templeton Investments.

"Relocating to 280 Park Avenue allows us to accommodate Fiduciary Trust's continued growth," said John M. Dowd, chief executive officer of Fiduciary Trust Company International. "In addition to the convenient location and impressive amenities, the new offices afford our clients and employees the best possible environment and technological infrastructure."

280 Park Avenue is prominently located at the epicenter of the Park Avenue business corridor in Midtown, Manhattan. The midcentury building recently completed a full-property renovation and modernization, including:

• A new lobby with 25-foot-high ceilings
• Completely redeveloped entrances and plaza areas with green space
• An interior atrium with a museum-quality reflecting pool
• A floor-to-ceiling glass bridge structure connecting the buildings to integrate the entire complex

Fiduciary Trust, along with Franklin Templeton will occupy 126,000 square feet in the 43-story building. Fiduciary Trust will occupy the 7th floor with resources located on the 6th floor. Franklin Templeton will occupy the 8th floor with resources on the 6th floor. A central open-air internal staircase connects the three floors enabling employees and visitors to travel easily throughout the entire office footprint. A café on the 6th floor will also enable company-wide gatherings with large-screen monitors that can connect with Franklin Templeton offices throughout the world.

The firm's New York City offices were previously located at 600 Fifth Avenue in Midtown, Manhattan.

About Fiduciary Trust

Fiduciary Trust Company International, a global investment management firm, has served individuals, families, endowments and foundations since 1931. With over $74.8 billion in assets under administration and management as of March 31, 2016, the firm specializes in strategic wealth planning, investment management and trust and estate services, as well as tax and custody services. The firm and its subsidiaries maintain offices in New York, Coral Gables, FL, Boca Raton, FL, St. Petersburg, FL, Los Angeles, CA, San Mateo, CA, Washington, D.C., Wilmington, DE, and London. For more information please visit fiduciarytrust.com.

About Franklin Resources

Franklin Resources, Inc. (NYSE: BEN) is a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 180 countries. Through specialized teams, the company has expertise across all asset classes -- including equity, fixed income, alternative and custom solutions. The company's more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in 35 countries, the California-based company has more than 65 years of investment experience and over $737 billion in assets under management as of May 31, 2016. For more information, please visit franklintempleton.com.