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T. Rowe Price has increased its Australian-based capability by adding equity investment management and research to enhance local coverage of Australian equities.
The company announced today that it had hired Randal Jenneke to oversee the build of the new capability, with Jenneke also being tasked with hiring additional analysts.
Commenting on the move, T. Rowe Price International chief executive Chris Alderson said the local investment presence would deepen and extend the company’s coverage of Australian equities.
“T. Rowe Price has long identified Australia as an important strategic market for the firm,” he said. “We currently have a strong distribution team in Sydney which offers our global investment expertise. Now is the right time to extend our investment presence to enhance and leverage the T. Rowe Price global research platform locally.”
