Published by Asia Asset Management – 20th Aug 2018
US-based asset manager T. Rowe Price Group (T. Rowe Price) has filled three senior positions in its Global Investment Management Services (GIMS) division, which is responsible for the company’s global institutional and financial intermediary businesses.
Scott Keller
Scott Keller will become the head of GIMS for Europe, Middle East and Africa (EMEA), T. Rowe Price says in a statement on August 16.
He succeeds Peter Preisler, who left the company a year ago to pursue other opportunities.
Singapore-based Mr. Keller, who is currently head of GIMS for Asia Pacific, will officially assume his new position on January 1, 2019 and relocate to London.
Nick Trueman
Nick Trueman, who is now head of Asia ex-Japan Institutional, will succeed Mr. Keller as head of GIMS for Asia Pacific and remain based in Singapore.
T. Rowe Price also named Elsie Chan, currently head of GIMS for Asia ex-Japan Intermediaries, to the newly-created role of head of GIMS, Asia ex-Japan. The move effectively means she will take over Mr. Trueman’s current role.
Elsie Chan
According to a T. Rowe Price spokesperson, the Asia ex-Japan institutional and intermediary businesses “are now in position to be managed by one senior leader”.
“This model is employed successfully in our other two businesses in Asia Pacific – Australia led by Murray Brewer and Japan led by Naoyuki Honda,” the spokesperson tells Asia Asset Management.
Based in Hong Kong, Ms. Chan will report to Mr. Trueman.
“Throughout the rest of 2018, Ms. Chan will work closely with Mr. Trueman on ensuring a smooth leadership transition,” the spokesperson says.
Mr. Keller and Mr. Trueman will both report to Robert Higginbotham, head of the GIMS division.
According to Mr. Higginbotham, growth across the Asia Pacific and Europe, Middle East and Africa (EMEA) regions are a “key strategic priority” for the company.
“With net inflows from these regions on positive trajectories and plans in place to expand client relationships and further our geographic diversification, these leadership appointments will enhance our ability to continue our progress while meeting the needs of our clients,” he says in the statement.
Prior to joining T. Rowe Price in 2014, Mr. Keller spent 17 years at Swiss-based UBS Global Asset Management, serving in a variety of leadership position in Europe and Asia.
Mr. Trueman joined the firm in 2007 as head of the EMEA consultant relations division. He was previously a portfolio manager at AXA Rosenberg Investment Management.
Ms. Chan, who joined T. Rowe Price in 2015, was previously a managing director at UBS Global Asset Management.
T. Rowe Price had US$1.07 trillion of assets under management as at July 31, 2018.
