T. Rowe Price appoints ESG head

T. Rowe Price has appointed Poppy Allonby as head of ESG enablement, effective from 6 June.

Allonby was an investment and environmental, social, and governance (ESG) leader with 20 years of asset management industry experience.

She would join the ESG leadership committee and help execute the firm’s ESG strategy, driving cross-functional consistency and coordination of the strategy.

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Allonby would be based in London and report to Eric Veiel, head of global equity and member of the management committee with oversight responsibility for the firm’s ESG investing, corporate, and operational activities.

Allonby was most recently head of global product, Europe, Middle East and Asia and Asia-Pacific, for BlackRock, where she was instrumental in developing and delivering the sustainable product strategy for its active investment business.

She was also responsible for product strategy, product development and structuring, and ongoing investment oversight for more than 1,000 funds with US$970 billion in assets under management across all asset classes.

Veiel said: “Poppy’s investing, strategy, and global leadership experience, as well as her broad sustainability and climate change expertise, will be invaluable as we advance our ESG strategy and deliver an integrated ESG vision for the firm.

“As we embed sustainability principles throughout our business, we look forward to benefiting from the perspective and innovative approach she will bring to the ongoing buildout of our operational ESG capabilities.”

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