Fred Jensen
About Fred Jensen
Fred Jensen (born 1963) serves as Chief Compliance Officer of BrandywineGLOBAL – Global Income Opportunities Fund Inc. (NYSE: BWG), a role he has held since 2020 . He is Director – Global Compliance at Franklin Templeton (since 2020) and previously held senior compliance roles at Legg Mason & Co. (Managing Director, 2006–2020) and as Director of Compliance in the Legg Mason Office of the Chief Compliance Officer (2006–2020) . Officers of the Fund receive no compensation from the Fund, though they may be reimbursed for reasonable out-of-pocket travel expenses for attending Board meetings .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Franklin Templeton | Director – Global Compliance | Since 2020 | Compliance oversight for Franklin Templeton’s fund complex and related entities |
| Legg Mason & Co. | Managing Director; Director of Compliance, Office of the CCO | 2006–2020 | Compliance leadership for investment adviser, funds and broker-dealer operations within Legg Mason |
| Legg Mason Global Asset Allocation | Chief Compliance Officer | Prior to 2014 | CCO for asset allocation business; controls and regulatory adherence |
| Legg Mason Private Portfolio Group | Chief Compliance Officer | Prior to 2013 | CCO responsibilities for private portfolios and related compliance programs |
| The Reserve Funds (investment adviser, funds, and broker-dealer) | Chief Compliance Officer | 2004 | CCO overseeing adviser, funds, and broker-dealer compliance |
| Ambac Financial Group (investment adviser, funds, and broker-dealer) | Chief Compliance Officer | 2000–2003 | CCO across adviser, funds, and broker-dealer units |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Franklin Templeton | Director – Global Compliance | Since 2020 | Current primary occupation |
Fixed Compensation
Officers of the Fund receive no compensation from the Fund and may be reimbursed for reasonable out-of-pocket travel expenses for attending Board meetings .
| Component | Fund-Paid? | Notes |
|---|---|---|
| Base salary | No | Officers receive no compensation from the Fund |
| Target bonus % | N/A | No Fund-paid officer compensation |
| Actual bonus paid | N/A | No Fund-paid officer compensation |
| Travel expenses | Reimbursable | Reasonable out-of-pocket travel expenses for Board meetings |
Performance Compensation
Not applicable; no Fund-paid officer compensation or incentive awards are disclosed for officers .
Equity Ownership & Alignment
| Metric | Value | As of |
|---|---|---|
| Directors and officers, as a group, beneficial ownership of outstanding shares | Less than 1% | February 7, 2025 |
Additional ownership concentration among 5% holders is disclosed at the fund level (e.g., Morgan Stanley and Parametric Portfolio Associates at 10.2% of Common Stock; Eaton Vance at 10.45%; First Trust at 8.82%), indicating institutional ownership concentration rather than insider holdings .
Employment Terms
| Term | Detail |
|---|---|
| Position | Chief Compliance Officer |
| Start date / Tenure | Since 2020 |
| Officer appointment | Executive officers are chosen each year by the Board to hold office until successors are duly elected and qualified |
| Compensation from Fund | None; officers receive no compensation from the Fund; travel reimbursement possible |
| Primary occupation | Director – Global Compliance, Franklin Templeton |
| Reporting / Board interface | The Fund’s CCO reports directly to the Board and meets with the Board as part of risk oversight |
Investment Implications
- Pay-for-performance alignment with BWG is limited for officers, as compensation is not paid by the Fund and there are no disclosed Fund-level equity or incentive awards for officers; trading-signal relevance from officer compensation or vesting is minimal .
- Insider alignment appears modest at the Fund level, with directors and officers as a group owning less than 1% of outstanding shares, while ownership is concentrated among institutional holders, reducing the likelihood of insider-driven selling pressure or pledging signals tied to officers .
- Retention risk and economics for Jensen are primarily tied to Franklin Templeton employment terms rather than Fund-level contracts; the Fund appoints officers annually with no disclosed severance or change-of-control terms at the Fund, suggesting standard governance-driven continuity without golden-parachute dynamics at the Fund level .