T. Rowe Price has expanded its Australian equities team with the appointment of investment analyst Chris Wu, which followed the internal promotion of Ryan Martyn who has taken up the role of head of research.
The firm said the team now comprised six investors with the recruitment of another senior analyst currently underway.
Wu, who would report to Martyn, joined from Macquarie Investment Management where he served as an equity investment analyst focusing on Australian large and small cap stocks.
T. Rowe Price’s head of Australian equities, Randal Jenneke, said: “We are tremendously excited and optimistic about the value that our expanded team can bring to Australian investors as they navigate higher levels of volatility and the opportunities this presents.”
“We expect investors seeking risk-adjusted returns will increasingly select managers for their ability to source using a global lens, prudent and disciplined risk management, and a capacity to move quickly.”
The firm said its Australia Equity Strategy this week surpassed A$2.0 billion in assets under management.