Money Management

T. Rowe Price appoints U.S. institutional business development head

Doug Greenstein was named head of U.S. institutional business development at T. Rowe Price Group Inc.'s global investment services Americas division, spokesman Bill Benintende said.

The position is new. Mr. Greenstein will lead the GIS division's U.S. business development team. He will report to Keith Lewis, head of Americas for the GIS division.

Mr. Greenstein was an institutional business development executive at T. Rowe Price covering the Northeast region. He was replaced by Deirdre Guice Minor, who was managing director of public fund business development at UBS Asset Management. UBS spokeswoman Sheryl Lee confirmed Ms. Minor's departure from the firm but declined further comment.

T. Rowe Price had $861.6 billion in assets under management as of March 31.