US headquartered global asset manager T. Rowe Price has made a trio of appointments to boost its growing multi-asset solutions team which it said was "driven by increased regulation and industry consolidation".
The new hires are Matt Bance as solutions strategist and portfolio manager, and Matthew Lodge as solutions analyst for the multi-asset investment team led by Yoram Lustig, the head of multi-asset solutions, EMEA.
Bance comes from UBS Asset Management and Lodge has moved from the Responsible Investments team at T. Rowe Price.
The demand for bespoke investment solutions had continued to intensify, as evidenced by its recent partnerships with Asset Intelligence and Mattioli Woods, the asset manager said in the statement on 10 July.
Lustig said: “The solutions space remains complex, and we are proud of the propositions we have formed alongside our clients in this continuously developing marketplace. Matt and Matthew bring additional investment experience and expertise to our team, which will enable us to better serve the evolving needs of our clients across the EMEA region.”
T. Rowe Price has also promoted Steve McShane to the newly created role of head of solutions (UK distribution). This focused role will enable McShane to reinforce and grow the group’s client partnerships in the years ahead. McShane, who has been at T. Rowe Price for seven years, was formerly a relationship manager covering central England.
Replacing McShane as relationship manager covering central England will be Tom Johnson, who has been at T. Rowe Price for three years and has worked alongside McShane in this region.
Matt Jenkins, the head of regional sales and strategic partners at T. Rowe Price, adds: “The investment industry continues to evolve, and the needs of our clients are changing. As we witness increasing demand for bespoke solutions and the unitisation of existing model portfolios, we felt it was important to create a dedicated position to ensure close alignment with our clients as they seek to capitalise on the full potential of their investment propositions.”
