T. Rowe Price has appointed Priscilla Leung as head of intermediary business for Greater China. The appointment is the latest senior hire for the firm’s Asia-Pacific distribution business.
Based in Hong Kong, Leung assumed the role on June 13 and reports to Elsie Chan, head of distribution for Asia ex-Japan. In this newly created role, Leung is responsible for managing and building out the firm’s financial intermediary business in the region, with an initial focus on the Hong Kong market. She leads a team of relationship management professionals to service private banks, retail banks, insurance companies and independent financial advisors in Greater China.
Leung brings over 20 years of experience across asset management and banking. Prior to joining T. Rowe Price, she was with Fidelity International as head of intermediary for Hong Kong, where she spent 12 years. Before that, she held senior roles at various banks, including ABN AMRO as head of investment and insurance products, and Bank of America (Asia) as vice president and client manager, providing investment solutions to retail clients.
T. Rowe Price currently has 19 SFC-authorized products available to financial intermediaries in Hong Kong, including 11 equity funds and eight fixed income funds. In 2018 and 2019, the firm was named Morningstar Best Equity Fund House in Hong Kong, an award which recognizes investment managers that have delivered the greatest outperformance on a risk-adjusted basis.
The firm has also expanded its team of investment professionals and added resources to middle- and back-office functions in the past year to support the needs of a growing client base.