NETHERLANDS – T Rowe Price has named Lombard Odier Darier Hentsch’s former Netherlands marking director as head of its institutional business in the Netherlands and Belgium.

The US asset manager’s T Rowe Price Global Investment Services arm has named Jandaan Felderhoff, as director, sales and client relations. He will head the institutional business of the group in the Netherlands and Belgium.

Felderhoff, who has 15 years’ investment industry experience, was most recently director of marketing for Lombard Odier Darier Hentsch in Amsterdam. He will initially split his time between London and Amsterdam, where the firm intends to open an office, subject to regulatory approval.

Commenting on the appointment, Tom Pedersen, managing director, sales and client, said that Felderhoff has “a wealth of experience and we are extremely pleased he decided to join”. He added: “Our assets from Europe are increasing at a steady rate.”

In addition to London, the firm has established a base in Copenhagen. “In the Dutch market where we have a number of clients already, we are finding a great appetite for our products,” says a group spokesman.

“There are increasing acceptance of foreign players and what they have to offer in the Netherlands.” Altogether the group’s sales and client servicing team has grown to over 20 in Europe.

Meanwhile, T Rowe Price International in London has appointed David Stanley as a vice president. As part of the fixed income team, he will have responsibility for European corporate bond selection in London portfolios, as well as research for a number of European credits.

With 16 years’ fixed income experience, Stanley was previously head of international credit at Bank of America Capital Management in London.

T Rowe Price Group managed assets of over 161.2 billion dollars (138 billion euros) as at the end of June.