T. Rowe Price promotes head of distribution

T. Rowe Price has promoted Darren Hall to head up distribution for Australia and New Zealand.

He succeeds Murray Brewer, who will retire at the end of 2020.

"We are pleased to have Darren, a long-standing contributor to T. Rowe Price's ANZ business, take over the reins," said T. Rowe Price's Nick Trueman, the head of distribution for Asia Pacific. "His extensive experience and expertise in relationship management, understanding of the local market and demonstrated investment knowledge make him the ideal leader for our ANZ operations. We are well-placed to continue our success under Darren's leadership," said Trueman.

Hall joined T. Rowe Price in 2007 as national sales manager, working closely with Brewer. He also held business development roles with Schroder Investments and Credit Suisse Asset Management.

"Over the years, we have put in place a strategy to diversify our business by covering more segments and clients and providing a broader range of investment strategies to clients in Australia," said Hall. "We will continue to build on the robust and diversified business Murray has led, with a focus on delivering world-class service and relevant investment solutions to our clients."