T Rowe Price has appointed a new head for its multi-asset solutions business in the Asia-Pacific region.
Thomas Poullaouec has been appointed as the head of multi-asset solutions in Asia-Pacific for US asset manager T Rowe Price.
Mr Poullaouec will remain in the firm's Hong Kong offices where he is currently a member of T Rowe Price's multi-asset investment team.
His new role will see him liaising with institutional investors throughout the Asia-Pacific region on "defined outcome" and "targeted investment solutions", according to a statement by the company.
Mr Poullaouec has 20 years of experience in multi-asset investing, including nine years with State Street Global Advisors and a number of investment roles at BNP Paribas.
He will report to Baltimore-based global head of multi-asset solutions Peter Austin.
"Asia-Pacific and global institutional investors are increasingly framing their investment objectives in the form of an outcome, not a benchmark return. This has led to a growing demand for customised multi-asset strategies, which draw from a wide opportunity set of investments to provide consistent outcomes," Mr Austin said.
"The appointment of Thomas completes T Rowe Price’s global multi-asset solutions footprint. His breadth of multi-asset experience and local know-how will further strengthen our ability to serve Asia-Pacific institutional investors in this growing area," he said.