T. Rowe Price appointed Nicholas Tong as its head of Southeast Asia for intermediary distribution, the company said in a statement.
He replaced Gerald Koh, who joined Legal & General Investment Management as its head of wholesale for Asia ex-Japan in August.
Tong reports to Glen Lee, head of intermediary distribution for Asia ex-Japan. He is based in Singapore and started in his role on Oct. 9. He is responsible for engaging with clients in Southeast Asia and providing them with actively managed investment solutions.
T. Rowe Price has $1.4 trillion in assets under management.
Tong was a vice president at Wellington Management, where his duties included developing business relationships with private and retail banking clients in Singapore.