T. Rowe Price has added a new role of ESG enablement, hiring a former BlackRock leader who helped build the companys sustainable product strategy for its active funds.
Joining the Baltimore-based firm is Poppy Allonby, who will work out of T. Rowes London office beginning June 6, the company announced Thursday.
In the new position, Allonby will help execute the companys ESG strategy at a high level, reporting to head of global equity Eric Veiel, and will oversee the firms 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.