T. Rowe Price announces Australian expansion

T. Rowe Price is continuing its Australian expansion with the appointment of David Frazer, an experienced relationships manager, following on from the establishment of a ‘client operations’ manager position, filled by Irene Chung.

In the past 12 months the Baltimore-based global firm has established an Australian equities capability and also appointed its first specialist marketing manager, Marieta Olivari.

Frazer, who started in April, was most recently at alternatives firm Ashmore, and before that at Western Asset Management, the Legg Mason affiliate, and before that at Wellington Management. He also holds a CFA designation.

Murray Brewer, the head of Australian business for T. Rowe Price (TRP) said last week: “TRP in Australia is going from strength to strength. We are in an expansionary phase, launching new products and building out our local presence with a few new hires over the past 12 months.

‘The appointment of David Frazer reflects increased sophistication of the Australian market as large funds build in-house investment capability and the traditional role of the consultant evolves. David is an actuary by training and portfolio manager by career, and is in a good position to be able to advise our largest clients on their portfolios and sector positioning. He comes into the Australian business at time when T. Rowe Price has expanded the range of strategies it is advising clients.… In terms of new business, we have expanded our client base across global equities and Australian equities and, more recently, global fixed income clients.”