T. Rowe Price brings in veteran to head up international fixed income
23 May 2013
By Asia Asset Management
T. Rowe Price International Ltd has named Arif Husain head of international fixed income. In this role he will lead the firm’s international/global fixed income investment team and process. He will also take on portfolio management responsibilities following an appropriate transition period. Mr. Husain will start on August 30 and be based in London.
“Arif has a strong track record of managing client assets and investment professionals, and we are pleased to have someone with his experience in a variety of global fixed income areas join our team,” said the firm’s head of fixed income Mike Gitlin.
Mr. Husain has 18 years of investment experience and most recently served as director of both European fixed income and UK and Euro portfolio management for AllianceBernstein. Prior to joining AllianceBernstein in 1999, he was assistant director of European derivatives trading at Greenwich NatWest and traded interest rate swaps at Bank of America.
Mr. Husain will succeed Ian Kelson as head of international fixed income. Mr. Kelson, who has more than 30 years of investment management experience and joined T. Rowe Price in 2000, has expressed a desire to pare back his management responsibilities. He will remain at T. Rowe Price in the fixed income division and among other responsibilities will continue to serve on the firm’s asset allocation committee and be available to service clients, help with product development, and mentor investment associates. Mr. Kelson will continue with his dedicated portfolio management responsibilities before Mr. Husain joins, and maintain that effort until an appropriate and seamless transition period is agreed upon and completed.
Mr. Gitlin added: “We are also appreciative of Ian’s continued commitment to our clients, as well as the substantial growth during his tenure of our global fixed income franchise, and are grateful that he will remain a valued partner.”
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