Cassandra Crowe joins T. Rowe Price as Head of Consultants
Cassandra Crowe has been appointed as head of T. Rowe Price’s consulting team for Australia and New Zealand, in a newly-created role aimed to beefing up the investment firm’s presence in the region.
With assets under management of more than $950 billion, US-headquartered T. Rowe Price is one of the globe’s larger asset and wealth management companies. The firm has 16 offices internationally, including one in Australia – its Sydney hub launched in 2004 and oversees the firm’s clients in the Oceania region.
Latest joiner to the Sydney office is Cassandra Crowe, who joined T. Rowe Price from Allianz Retire+, a provider of retirement income solutions to the Australian market. Crowe worked 1,5 years at the company as head of consultants and research. Before that, she worked eleven years at NAB Asset Management as an investment specialist and research manager, and at Dimensional Fund Advisors as an account manager, where she was based in London for three years.
In her new role, Crowe will work closely with the T. Rowe Price’s business development and investment teams to enhance engagement with consultants, researchers, platforms and advocacy groups within the retail and institutional markets. She will report to London-based Nick Slater, Head of EMEA and APAC consultant relations.
Commenting on the addition, Murray Brewer, head of distribution Australia and New Zealand, said: “Cassandra will perform a critical role in enhancing our ability to connect and collaborate with industry peers and partners who share our resolute focus on clients.”
T. Rowe Price created the new role as part of its ambition to expand its investment management services in Australia. The firm currently offers investors and retirees a range of financial products including global equities, Australian equities, fixed income and multi-assets, and is eyeing broadening its product line.
The appointment comes against a backdrop of a booming wealth market in Australia, with much of that wealth held by well-off family offices and retirees. According to a recent analysis, total wealth held in Australia now stands at $US6.1 trillion, up from $US3.4 trillion twelve years ago.
