The group said Mr Husain would lead its international fixed income investment team and process from August 30 when he starts. He will also take on portfolio management responsibilities once he has joining the group.
The move comes as the company said Mr Kelson, who joined T Rowe Price in 2000, has “expressed a desire to pare back his management responsibilities”.
“Ian will remain at T Rowe Price in the fixed income division and among other responsibilities will continue to serve on the firm’s asset allocation committee and be available to service clients, help with product development, and mentor investment associates,” the company said.
“Mr Kelson will continue with his dedicated portfolio management responsibilities before Mr Husain joins, and maintain that effort until an appropriate and seamless transition period is agreed upon and completed.”
Mr Husain has 18 years of investment experience and most recently served as director of both European fixed income and UK and European portfolio management for AllianceBernstein.
As a member of the global fixed income and absolute return portfolio management teams, he had responsibility for managing global multi-sector and global government portfolios, and oversaw European credit, European high yield, UK/European short duration, and UK fixed income products.
Prior to joining AllianceBernstein in 1999, Mr. Husain was assistant director of European derivatives trading at Greenwich NatWest and traded interest rate swaps at Bank of America.