Leadership change at T. Rowe Price

T. Rowe Price has announced senior leadership changes for its Asia Pacific distribution business, including a new head for the region which includes Australia.

Elsie Chan will lead the firm's distribution teams based in Australia, Japan, Hong Kong and Singapore.

She takes up the reins from Nick Trueman, who will become the new head of distribution for Europe, the Middle East and Africa.

Chan joined T. Rowe Price seven years ago to build out the financial intermediaries business in Asia and took on an expanded role as head of Asia ex-Japan distribution in 2018 to oversee the institutional and intermediary businesses in the region.

She reports to Scott Keller, head of Americas, Asia Pacific and EMEA.

Under Chan's leadership, T. Rowe Price will continue to build on and execute the multi-year growth plans set forth for Asia Pacific.

"Elsie has all the appropriate competencies and vision for this role and has the support of a high-quality team behind her," said Keller.

"She has been successful in driving the expansion of our business in Asia ex-Japan and is well-positioned to lead the firm's next phase of growth in Asia Pacific.

"I am delighted that we can draw from our large base of talent to provide Nick and Elsie the opportunity to develop their careers within the organisation."

Before joining T. Rowe Price, Chan was a managing director at UBS Global Asset Management, leading distribution and product teams.