T. Rowe Price announces leadership transitions
T. Rowe Price has announced its current head of Asia ex Japan institutional business, Nick Trueman, would succeed Scott Keller as head of global investment management services (GIMS), Asia Pacific, and Elsie Chan would take on the new role of head of GIMS, Asia ex Japan.
In his new role, effective 1 January 2019, Trueman would report to Robert Higginbotham, head of GIMS in London.
Trueman has 17 years of investment industry experience and joined the firm in 2007, when he was head of consultant relations for Europe, Middle East and Africa (EMEA), and chairperson of the EMEA Consultant Relations Committee.
Prior to T. Rowe Price, Trueman worked as a portfolio manager at AXA Rosenberg Investment Management and held roles at Schroders in London.
Chan, current head of GIMS Asia ex Japan intermediaries, would take on the newly created role as head of GIMS, Asia ex Japan, and would be responsible for the institutional and intermediary businesses in the region.
Prior to joining the firm in 2015, Chan was managing director at UBS Global Asset Management and was responsible for wholesale distribution and products in Hong Kong and Southeast Asia.
Keller, who would become head of GIMS EMEA, said Trueman’s understanding of the Asia Pacific region and Chan’s experience as a product specialist and in institutional sales would drive growth in the region.
Recommended for you
There is one specific risk that is a significantly higher concern for financial services directors compared to companies overall and is impacting their risk appetite, according to the AICD.
Global fund managers are shunning bonds, with the asset class seeing the largest drop in allocations in more than 20 years.
Australian Ethical has seen its funds under management reach $10 billion, driven by organic customer growth and superannuation contributions.
Financial advisers will have access to private equity investments run by WTW for the first time as it launches a pooled fund to provide savers with access to traditionally institutional assets.
