T. Rowe Price raids rivals for Asia buildout

As global asset managers have made cutbacks in Asia or pursued mergers in recent years, US fund giant T. Rowe Price has been bucking the trend by rapidly building out its operation in Hong Kong. The firm, which surpassed $1 trillion in assets under management in the first quarter of 2018, expanded its headcount by a net 10 people this year and six last year. Recent additions include a regional head of investment operations, a fixed income trader and several client servicing execut…