T. Rowe Price picks new global chief for institutional services

Robert Higginbotham was named head of global institutional services at T. Rowe Price Group, confirmed spokesman Bill Benintende.

Mr. Higginbotham will begin his London-based position Oct. 1 and replaces Todd Ruppert, who retired June 30.

Mr. Higginbotham previously was CEO of Fidelity Investments' European business. He left the firm in October 2011.