T. Rowe Price plans to broaden UK reach with five-strong OEIC launch

Follows sales team expansion

T. Rowe Price has unveiled the five portfolios it will initially launch within its new OEIC range, expected to come to the UK market in October, subject to regulatory approval.

The firm has been building up its presence in the UK through a number of hires to the intermediary team following the appointment of John Yule (pictured), former head of retail at F&C, at the end of 2014 to head up intermediary relationship management for UK and Ireland. Since then, it has hired Peter Slack from AXA IM, Simon King from Woodford IM, Tom Ormrod from Legg Mason and Matt Jenkins from Neptune. Yule has also been active in getting the firm's Luxembourg-domiciled SICAV range registered with the Investment Association's sectors, as well as almost 20 platforms to increase the ...