T. Rowe Price has expanded Italy country head Donato Savatteri's responsibilities by appointing him head of southern Europe.
As head of T. Rowe Price in southern Europe, Savatteri will be coordinating the firm's business development in Iberia (Spain and Portugal), which is led and will continue to be by Alfonso del Moral, T.Rowe Price's head of Spain and Portugal.
Donato Savatteri, head of Southern Europe at T. Rowe Price, said: "Over the last five years we have been steadily growing the T. Rowe Price business across the EMEA region. Italy is a key market for us, where we have grown our business and we have built a strong team dedicated to the needs of our local client base by bringing more of our highly-rated strategies to the Italian market to help them meet their investment goals.
"In Iberia, our business is led by Alfonso del Moral and his team, who have begun to build brand and client engagement, so we will continue to build our presence in both Spain and Portugal. As our business matures, it is a natural progression to broaden our focus to the whole southern European region and I am delighted to be leading the teams in Italy and Iberia."
Savatteri, who has been leading the firm's business in Italy since 2014, will also assume responsibility for the coordination of T. Rowe Price's intermediary channel in the EMEA area.
Savatteri was appointed head of Italy in September 2014 as part of the firm's European expansion. He then also joined T. Rowe Price's EMEA Executive Committee.
Prior to that, he had been Lombard Odier's Italy CEO for three years, during which he founded the firm's office in the country. Before, he had spent ten years at Franklin Templeton, where he was the firm's sales director for Italy. He has around two decades' experience in the asset management industry, having started his career at JP Morgan in 1997.