T. Rowe Price has hired Shuai Shao to assume the role of head of China business as it seeks to strengthen its client coverage in the region.

Based in Hong Kong, Shao will oversee business development and client strategy in China, reporting to George Chow, head of institutional distribution for North Asia.

She joins T. Rowe Price from Nomura Asset Management (AM), where she was head of Greater China business development.

Chow, said, “We are delighted to welcome Shuai to the firm. Her deep understanding of the China business landscape and strong client relationships will be instrumental as we continue to grow our presence in this important market. This appointment reinforces our long-term commitment to investors in China.”

Prior to Nomura AM, Shao held senior client servicing and business development roles at DWS Group and Amundi.

Chow said: “As investors in China continue to diversify and globalise their portfolios, demand for high-quality active management and differentiated insights is increasing. With our global platform and local leadership under Shuai, we are well positioned to help clients navigate an increasingly complex investment environment.”

Elsie Chan, head of APAC distribution at T. Rowe Price, said, “China is an important institutional market within our APAC distribution strategy. Strengthening our coverage of the market is an important step in deepening our engagement with Chinese Mainland clients and enhancing how we serve their evolving investment needs.”