T. Rowe Price expands investment capability

Equity analyst Nick Vidale has joined T. Rowe Price where he will look after identifying investment opportunities in the financial sector for the firm's Australian equity strategy.

"The seniority of this hire underscores our commitment to delivering performance through a high conviction approach backed by rigorous research," said Randal Jenneke, portfolio manager and head of Australian equities. "Nick's extensive investment experience and financials sector coverage are a great complement to our growing team. His appointment is another key step in our continued build-out of greater depth in Australian equities. We are excited about the value our expanded team will add as we seize the investment opportunities in a post-COVID environment."

With Vidale's hire, T. Rowe Price's Australian equities team has expanded to seven.

Vidale joins the firm from Perpetual, where he covered Australian banks and diversified financials as well as property, gaming, and industrials. He started his career at Deutsche Asset Management and has also held roles at Arnott Capital, CLSA, and GLG Partners.