T. Rowe Price has stepped up its multi-asset expansion efforts by announcing the hire of Nick Samoulihan, who previously worked on Aviva Investors’ flagship multi-strategy fund.
It was revealed Samoulihan had left Aviva Investors yesterday amid changes within the firm’s multi-asset team. He will join T. Rowe Price in mid-November in a strategist position.
He was named across several multi-manager funds at the group, as well as working closely with the team on the Aviva Investors Multi-Strategy funds, which are more commonly known as AIMS.
Aviva Investors’ AIMS initiative was created by Euan Munro, who was hired from Standard Life Investments with the remit of creating a multi-strategy operation to compete with the famed Gars investment vehicle.
The addition of Samoulihan comes against the backdrop of big changes in T. Rowe Price’s multi-asset capabilities.
In June it announced the appointment of Yoram Lustig from AXA IM to oversee its EMEA efforts, and Lowell Yura was also added from BMO Global Asset Management to cover North America.
Both new recruits report to Peter Austin, head of multi-asset solutions. In his new role, Samoulihan will work alongside Lustig.