T. Rowe Price makes institutional appointment
Fund manager T. Rowe Price has moved to extend its capabilities in the institutional space in Australia and New Zealand via the appointment of a senior institutional sales and relationship manager.
The company announced that it had appointed former Western Asset Management and Wellington Management staffer, David Frazer to drive its institutional business development.
He will manage client and consultant relations across all asset classes, drawing on his 21 years in investment markets.
Commenting on the appointment, T. Rowe Price head of relationship management for Australia and New Zealand, Murray Brewer said the senior appointment followed on from the successes achieved via the group's comprehensive offering of equities and fixed income solutions in Australia.
"We've seen strong Australian equities inflows this year, increased investment in emerging markets and global equities, and a growing appetite for bespoke fixed income solutions," he said.
"David's breadth of market knowledge strongly augments T. Rowe Price's partnership approach with clients to build solutions across the full investment spectrum to support objectives."
Recommended for you
As the industry navigates the fallout from recent product failures, two major AFSLs have detailed their APL selection process and relationship with research houses, warning a selection error could “destroy” a licensee.
The impending retirement of financial advisers in their 50s could see the profession face significant succession challenges over the coming decade and younger advisers may not be the answer.
With a third of AFSLs being solo advisers, how can they navigate key person risk and ensure they are still attractive propositions for buyers when it comes to their succession planning?
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.
