American investment firm T. Rowe Price has appointed Lowell Yura and Yoram Lustig as the new heads of multi-asset solutions for North America and EMEA, respectively.
Yura is based in Baltimore and Lustig in London. The pair will report to the firm’s head of multi-asset solutions and its asset allocation investment team member Peter Austin.
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Yura joins from BMO Global Asset Management in Chicago, where he served as managing director and head of multi-asset solutions. He previously also had stints at UBS Global Asset Management, Towers Perrin, and Mercer.
Lustig most recently held the role of head of multi-asset investments UK at AXA Investment Managers in London. He previously also served as head of multi-asset funds at Aviva Investors in London and head of portfolio construction – EMEA at Merrill Lynch.
T. Rowe Price head of asset allocation Sebastien Page said: “Growing our multi-asset solutions business is a strategic priority. Lowell and Yoram are highly experienced professionals who will be great additions to our team as we continue to work with clients globally to provide solutions to diverse investment objectives.”
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