Baltimore-based T. Rowe Price has announced the appointment of two executives focused on intermediary distribution in Asia.
T. Rowe Price appoints Daisy Leung as director, intermediary distribution, Greater China, according to a statement. Based in Hong Kong, she reports to Priscilla Leung, head of intermediary business, Greater China. Prior to joining T. Rowe Price, Leung held distribution and business development roles at Ninety One, Janus Henderson Investors, and BOCI Prudential Asset Management.
And in Singapore, the asset manager hired Claudia Phua as associate director, intermediary distribution, Southeast Asia, reporting to head of Southeast Asia intermediary distribution Nick Tong. Phua has nearly a decade of experience and previously worked at the now-defuct Credit Suisse, J.P. Morgan and HSBC.
Hub Presence
T. Rowe Price has been present in Asia for many decades, having established its Hong Kong office in 1987 and Singapore office in 1996. As of 2023 October 31, it had 27 funds recognized by the Securities and Futures Commission as well as 21 funds recognized by the Monetary Authority of Singapore for sale to local retail investors.
«The appointments will significantly enhance our ability to cater to the growing demand for our differentiated actively managed solutions,» commented Glen Lee, head of intermediary distribution, Asia ex-Japan at T. Rowe Price.
