T. Rowe Price bolsters multi-asset team
11 JUL, 2024
By Jose Luis Palmer from RankiaPro Europe
T. Rowe Price has strengthened its multi-asset solutions team by hiring Matt Bance and promoting two of its current employees, Matthew Lodge and Steve McShane.
Matt Bance joins from UBS Asset Management as a solutions strategist and portfolio manager. His expertise will be crucial in developing and managing multi-asset solutions tailored to client needs. Additionally, Matthew Lodge, previously part of T. Rowe Price’s responsible investment unit, has transitioned to the role of solutions analyst, where he will assist in creating and analyzing bespoke multi-asset investment solutions.
Steve McShane, who has been with T. Rowe Price for seven years as a relationship manager, has been promoted to head of solutions (UK distribution). In his new role, McShane will focus on enhancing and growing the firm’s client partnerships in the UK. Tom Johnson will succeed McShane as relationship manager, having worked alongside him for the past three years covering the central England region.
This expansion comes in response to a significant increase in client demand for bespoke investment solutions, leading T. Rowe Price to bolster their multi-asset solutions team. Led by Yoram Lustig, the head of multi-asset solutions, the enhanced team aims to deliver high-quality, customized investment strategies to meet the diverse and evolving needs of their clients. With these strategic moves, T. Rowe Price is well-positioned to drive growth and client satisfaction in the bespoke investment solutions market.
The investment industry continues to evolve, and the needs of our clients are changing.
As we witness increasing demand for bespoke solutions and the unitisation of existing model portfolios, we felt it was important to create a dedicated position to ensure close alignment with our clients as they seek to capitalise on the full potential of their investment propositions.
Matt Jenkins, head of regional sales and strategic partners at T. Rowe Price
