T. Rowe Price has announced a new head of institutional for Australia and New Zealand.
On Monday, the global investment manager confirmed the appointment of Craig Hurt who will commence the role from 5 October in Sydney.
Reporting to Australia and New Zealand head of distribution, Darren Hall, Mr Hurt will lead T. Rowe Price’s institutional sales team with an eye on developing new relationships with relevant investment solutions.
“Craig complements the existing team well. He has an extensive track record as an experienced, consultative business builder, and possesses the business acumen and strategic mindset required to navigate a rapidly changing dynamic channel,” Mr Hall said.
“His reputation and deep connections across the institutional market will support further opportunities for T. Rowe Price’s growth.
“ESG and developing strategies suitable for our market is a high priority growth initiative coming into 2022 and beyond.
“Craig’s extensive expertise in this area, combined with T. Rowe Price’s global ESG capabilities, will shape our local distribution strategy and provide further benefit to clients.”
Mr Hurt joins the company after a 16-year stint with AXA Investment Managers where he worked as country head of Australia and New Zealand since 2007.
“The Australian market is rapidly evolving. It is an exciting time to be joining T. Rowe Price’s client-centric team to assist clients through this change with our world-class investment solutions,” Mr Hurt said.
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