T. Rowe Price has appointed Donato Savatteri as head of Italy as part of its European expansion. He will also join the T. Rowe Price EMEA Executive Committee.
Savatteri was previously Chief Executive Officer at Lombard Odier in Milan for three years, having founded the firm’s office in Italy. Prior to that he spent ten years at Franklin Templeton, where he was the Sales Director for Italy. He has 17 years’ experience in the asset management industry, having started his career at JP Morgan in 1997.
In a separate appointment, Maurizio Tassielli has joined T. Rowe Price to manage client relationships in the Italian market. He was previously Head of Sales, Distributors and Wholesale at Lombard Odier in Milan. Prior to that Mr Tassielli spent five years at Franklin Templeton as Head of Fund Sales and Financial Institutions.
Peter Preisler, Director and head of EMEA at T. Rowe Price commented: “Italy is a key market for us as we continue to build our presence in the advisory market. Although we have been conducting business in the Italian market for more than five years, we have reached the point where demand warrants us having a dedicated team. I’m very excited that we have been able to recruit two people of the calibre of Donato and Maurizio who have many years of experience between them. I see this as a very positive development for our existing relationships in Italy and will position us well for future growth in this very important market.”
Donato Savatteri said: “T. Rowe Price, an S&P500 listed company, is a very well established and successful global asset management firm, offering a full range of equity and fixed income strategies that are supported by good long-term performance. I believe the investment expertise of our 426 dedicated investment professionals2 combined with the strong commitment of the firm towards Italy, will allow us to build strong partnerships in the future.”