Investment manager T.Rowe Price has named Darren Hall as the head of distribution for Australia and New Zealand (ANZ), replacing Murray Brewer.

Hall will assume the new responsibility on 28 August 2020 and will be tasked with overseeing the institutional and financial intermediary operations in ANZ.

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He will report to Singapore-based head of distribution for Asia-Pacific Nick Trueman.

Referring to Hall, Trueman said: “His extensive experience and expertise in relationship management, understanding of the local market and demonstrated investment knowledge make him the ideal leader for our A/NZ operations.”

At present, Hall serves as the head of intermediary for Australia at T. Rowe Price, where he has been working since November 2007.

In his two-decade-long financial career, he also had stints at Schroder Investments Australia and Credit Suisse Asset Management.

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In the last 10 years, Hall has worked alongside Brewer to offer the firm’s investment solutions to ANZ customers and build out the local team of distribution professionals.

Meanwhile, Brewer will retire at the end of this year. He has been with the firm for 14 years.

Baltimore-based T. Rowe Price offers mutual funds, subadvisory services as well as separate account management for individual and institutional investors, retirement plans, and financial intermediaries.

It also provides investment planning tools.

Set up in 1937, the firm managed $1.13trn in assets at the end of April 2020.