BALTIMORE, Nov. 30, 2016 /PRNewswire/ -- T. Rowe Price Group
(NASDAQ-GS: TROW) has hired Andrew
Astley as global head of product, effective January 23, 2017. In leading the global product
group, Mr. Astley will collaborate with the firm's investment and
distribution teams to develop product strategies for U.S. Equity,
Global/International Equity, Fixed Income, and Asset Allocation. He
will also focus on developing and implementing plans for launching
new products, ensuring that the firm's existing range of strategies
continue to meet the needs of clients and prospects, and delivering
high-quality investment and product content.
Mr. Astley will be based in Baltimore and report to Robert Higginbotham, a member of the firm's
Management Committee.
Mr. Astley previously served as head of global product and
marketing at State Street Global Advisors (SSGA) for eight years
and was formerly the firm's chief operating officer for EMEA based
in London. A member of their
executive leadership team, he most recently served as head of
integration and transition during State Street's acquisition of GE
Asset Management. Prior to joining SSGA in 1997, Mr. Astley worked
in a variety of client-facing roles at PanAgora Asset Management.
He graduated from the University of
Michigan with a B.A. in political science and has also
earned the Chartered Financial Analyst designation.
QUOTES
Robert
Higginbotham, Management Committee Member
"As we invest further in broadening our investment capabilities and
distribution reach, combining strong management of our current and
future product range with our outstanding investment performance
and client service will enable us to continue meeting evolving
client needs across channels and geographies."
"Introducing new investment strategies and vehicles is a key
strategic initiative designed to help grow and further diversify
our business. As we continue this build out, Andrew's strong
product and global experience built over 25 years in the investment
industry will be a powerful asset to our clients and to our firm.
We look forward to welcoming him in January
2017 as he takes on this very important role."
Andrew Astley, Global Head of
Product
"I look forward to working with the experienced and talented global
product team at T. Rowe Price, and helping strengthen the firm's
long-term competitive position as a leading global active
investment manager."
ABOUT T. ROWE PRICE
Founded in 1937,
Baltimore-based T. Rowe Price
Group, Inc. (troweprice.com) is a global investment management
organization with $812.9 billion in
assets under management as of September 30,
2016. The organization provides a broad array of mutual
funds, subadvisory services, and separate account management for
individual and institutional investors, retirement plans, and
financial intermediaries. The company also offers a variety of
sophisticated investment planning and guidance tools. T. Rowe
Price's disciplined, risk-aware investment approach focuses on
diversification, style consistency, and fundamental research.
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SOURCE T. Rowe Price Group, Inc.