T. Rowe Price picks head of intermediary business for Switzerland

T. Rowe Price International Ltd has appointed Paolo Corredig as head of Intermediary Business in Switzerland.

The firm said the Swiss market remains a pivotal region for private banking and fund investing and the maturity of the market place is a good match for the quality of its products, its general investment capabilities and client focus.

Based in Zurich, Corredig will lead T. Rowe Price’s efforts to expand and deepen relationships with Swiss financial intermediaries, particularly private banking and wealth management. He will report to Peter Preisler, head of Europe, Middle East and Africa.

The firm also plans to hire a marketing manager in the Zurich office, a newly-created position to support the local market demands.

Corridig was most recently the head of Wholesale Business Switzerland for Invesco Asset Management (Schweiz) AG, Zurich. Prior to this he worked in similar roles at Sarasin Investment Funds, Basel and Julius Baer Investment Funds Services, Zurich.

Baltimore-based T. Rowe Price is a global asset management company with €426.85bn in assets under management as of 30 June 2012.

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