In a long-planned move, Chris Alderson has taken over as president and chief executive officer of T Rowe Price International following the retirement of David Warren.

Mr Alderson has been with TRPI for 22 years and had led the firm’s global emerging markets equity investment strategies since 1997. Over the last eight months, he has passed these portfolio management duties to Gonzalo Pangaro.

In his new role, Mr Alderson will be supported by Anna Nye, recently hired as director of operations for TRPI from Russell Investment Group. Sally Patterson, a TRP vet, moves up to be general manager.

TRPI is responsible for the parent company’s investment management activities outside the US.