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T. Rowe Price opens Middle East office
19 January 2011: T. Rowe Price1 has opened a Representative Office in the Dubai International Financial
Centre (DIFC) in response to growing demand from clients based in the Middle East. Pieter Hendriks has been
appointed as Director, Business Development Executive – Middle East and Africa with immediate effect and is
the Principal Representative for the office.
Pieter will be a contact point for the existing clients the firm has built up in the Middle East over the past seven
years and will develop new relationships – introducing the firm’s investment strategies to clients and prospects
(which will include sovereign wealth funds, other public entities, pension funds endowments, corporates,
financial institutions and family offices) throughout the region.
Pieter joins T. Rowe Price from ING Investment Management, Middle East, where he held the position of
Managing Director, Head of Sales & Distribution. Prior to moving to the region in 2008 Pieter was responsible for
ING Investment Management Asia Pacific’s institutional business development. He holds a Bachelor in Business
Administration degree from Stenden University in the Netherlands.
Marwan Ahmad Lutfi, Deputy CEO and Head of Business Development of DIFC Authority
commented:
"With decades of experience and a distinguished approach to managing assets for its clients, T. Rowe price will
be able to use the DIFC as a platform to take advantage of the region’s rapidly increasing demand for
specialised financial services. The DIFC, with its modern infrastructure, free zone status and self-governing laws
and courts, is globally recognised as the preeminent and favoured financial centre in the region. On behalf of
DIFC, I am pleased to welcome T. Rowe Price to our growing community offering investors invaluable
investment strategies and products throughout the UAE and the region."
Commenting on the appointment, Peter Preisler, Head of Europe, the Middle East and Africa, said:
“Having a local presence reflects our strong commitment to serving institutional clients in the region, offering
the advantage of a better understanding of the environment and local preferences. Pieter’s hire is a continuation
of our long-term measured global expansion strategy as we continue to build a presence in Europe, the Middle
East and Africa. He brings strong technical competence and an institutional approach that is consistent with our
culture. His addition to the team is designed to enhance relationships in the local marketplace and support client
service offered to existing clients.”
For further information please contact:
T. Rowe Price Global Investment Services Limited
Sarah Cadden
MHPC
Lisa Haines / Nicolette Botbol
Tel. + 44 20 7651 8331
Tel. + 44 20 3128 4871 /8528
About T. Rowe Price
T. Rowe Price is a global investment management company with US$439.7bn2 (£279.0bn, €322.1bn) in assets under management. Based in
Baltimore, T. Rowe Price Group, Inc. is an independent public holding company with substantial employee ownership and is included in the
S&P 500 Index.
Issued by T. Rowe Price Global investment Services Limited, 60 Queen Victoria Street, London EC4N 4TZ, which is authorised and regulated
by the UK Financial Services Authority (the “FSA”). This material is not intended for use by Retail Clients, as defined by the FSA.
This material was developed and produced in the UK. It is provided for information only and is not intended to be a solicitation for any
T. Rowe Price product or service. T. Rowe Price, Invest With Confidence and the Bighorn Sheep logo are trademarks and/or registered
trademarks of T. Rowe Price Group, Inc. in the United States, European Union, Australia, Canada, Japan and other countries.
1
The T. Rowe Price group of companies includes T. Rowe Price Associates, Inc., T. Rowe Price International, Inc., T. Rowe Price Global
Investment Services Limited and T. Rowe Price (Canada), Inc.
2
All figures are as of 30 September 2010 and are the combined assets under management of the T. Rowe Price group of companies. They
are calculated in US dollars and converted to euros and sterling using an exchange rate determined by an independent third party.
www.troweprice.com/institutional