A Mid-Atlantic jumbo mutual fund firm (with $1.59 trillion in AUM as of May 31) has brought in a leader to make an alts push.

Christopher Hidemitsu "Chris" Tarui T. Rowe Price Business Development Executive, Alternatives

Earlier this week, the folks at Baltimore-based T. Rowe Price [profile] confirmed the recent hiring of Chris Tarui to be their new leader in global alternatives distribution. Greenwich, Connecticut-based Tarui most recently served as executive vice president in institutional client management at Pimco, and his first day at T. Rowe was May 28.

Chris Newman, head of the Americas for T. Rowe's institutional business, tells MFWire, "The role to help us with alts distribution is relatively new at the firm, and we have a few strategies you can put in that bucket, including global dynamic bonds."

"This is clearly an area of growth for us, and we wanted to bring in expertise from that space."

The T. Rowe team used an external recruiter to find Tarui, and he will now report directly to Newman, who says, "[Tarui] is a great fit within the culture of T. Rowe Price, and we're excited to have this first-class individual on the team."

Prior to his work with T. Rowe, Tarui was with Pimco for three and a half years. He was a director at KKR and Co., Inc. from 2016 to 2017. He also served as a client advisor at Bridgewater Associates from 2011 to 2016, and was with Pimco from 2005 to 2011. Tarui is an alumnus of Pepperdine University and the University of Southern California's Marshall School of Business. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE