T. Rowe Price has added a new role of ESG enablement, hiring a former BlackRock leader who helped build the company’s sustainable product strategy for its active funds.
Joining the Baltimore-based firm is Poppy Allonby, who will work out of T. Rowe’s London office beginning June 6, the company announced Thursday.
In the new position, Allonby will help execute the company’s ESG strategy at a high level, reporting to head of global equity Eric Veiel, and “will oversee the firm’s corporate ESG positioning, global ESG product range, regulatory engagement and go-to-market approach,” the company stated.
At BlackRock, Allonby developed and delivered the sustainable product strategy for its active investment business. She also had responsibility for product strategy, development and structuring, with investment oversight for more than $970 billion in assets under management across more than 1,000 funds, the company noted.
Allonby is also on the external advisory board of MIT’s Energy Initiative.
This story was originally published on ESG Clarity.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
