US asset manager T. Rowe Price has hired Glen Lee from Singapore’s Eastspring Investments for a newly-created position as head of intermediary for Asia ex-Japan.
He will lead the existing intermediary distribution teams in Hong Kong and Singapore to deepen relationships with private and retail banks, insurance companies and independent financial advisers in the region, T. Rowe Price says in a statement on July 14.
He reports to Elsie Chan, head of distribution for Asia ex-Japan.
“Glen’s extensive knowledge and experience working with clients in the region will enable the further build-out of our intermediary business, as we enter the next phase of growth,” Chan says.
Lee was head of intermediary sales at Eastspring and, before that, head of wholesale client coverage for Hong Kong and Southeast Asia at UBS Asset Management.
Baltimore-based T.Rowe Price had US$1.4 trillion of assets under management as of end-May.