T. Rowe Price has appointed Elsie Chan as its new head of Asia-Pacific distribution to lead the firm’s distribution teams in Australia, Japan, Hong Kong and Singapore.
Ms Chan first joined T. Rowe Price in Hong Kong in 2015 to build out its financial intermediaries business in Asia before taking on the expanded role of head of Asia ex-Japan distribution in 2018, overseeing the institutional and intermediary businesses in the region.
She has more than 20 years of industry experience and was previously a managing director at UBS Global Asset Management leading the firm’s distribution and product teams.
The head of Asia-Pacific distribution role was previously held by Nick Trueman, who has now become T. Rowe Price’s head of Europe, Middle East and Africa distribution.
In her new role, Ms Chan has assumed responsibility for all of Mr Trueman’s direct reports in APAC and will report to head of Americas, Asia-Pacific and EMEA, Scott Keller.
“Elsie has all the appropriate competencies and vision for this role and has the support of a high-quality team behind her,” said Mr 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 are able to draw from our large base of talent to provide both Nick and Elsie the opportunity to develop their careers within the organisation.”
Ms Chan has also appointed a leadership team for the Asia ex-Japan distribution business.
Glen Lee, who joined T. Rowe Price in July as head of Asia ex-Japan intermediary business, will continue to lead the intermediary distribution teams in Hong Kong and Singapore.
Additionally, Sae Joon Choi was named head of Southeast Asia and Korea institutional distribution based in Singapore and George Chow was named head of greater China institutional distribution business based in Hong Kong.
“The appointments reflect T. Rowe Price’s success and vision in the region, as well as our commitment to further strengthen local support to clients,” said Ms Chan.
T. Rowe Price said that, under Ms Chan’s leadership, it would continue to build on and execute its multi-year growth plans in the region to build sustainable and diversified business to service its client base of institutional investors and financial intermediaries.
Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.