T. Rowe nabs ESG exec from BlackRock

Poppy Allonby will oversee the company's ESG strategy at a high level

T. Rowe Price has added a new role of ESG enablement, hiring former a BlackRock leader who helped build the company’s sustainable product strategy for its active funds.

Joining the Baltimore-based firm is Poppy Allonby, who will work out of T. Rowe’s London office beginning 6 June, the company announced Thursday.

In the new position, Allonby will help execute the company’s ESG strategy at a high level, reporting to head of global equity Eric Veiel, and “will oversee the firm’s corporate ESG positioning, global ESG product range, regulatory engagement and go-to-market approach,” the company stated.

At BlackRock, Allonby developed and delivered the sustainable product strategy for its active investment business. She also had responsibility for product strategy, development and structuring, with investment oversight for more than $970bn in assets under management across more than 1,000 funds, the company noted.

Allonby is also on the external advisory board of MIT’s Energy Initiative.