T. Rowe Price Group, Inc. announced that it has hired Meenu Annamalai and Jessica Sclafani, CAIA, to support the Americas institutional defined contribution investment only (DCIO) business. Annamalai is a senior institutional client service executive. In this role, she will service DC plan sponsor clients located in the West and Central United States and be responsible for engaging with consultants, advisors, and DC organizations.

She will primarily cover DCIO relationships, but also support defined benefit (DB) public, corporate, endowments and foundations, and high net worth clients. Based in San Francisco, Annamalai will report to Kim Young, head of institutional client service for T. Rowe Price'sAmericas business. Annamalai has more than 18 years of experience in the DC market and comes to T. Rowe Price from Mercer, where she was defined contribution leader for the West market.

Previously she served as a plan sponsor for HP Inc., where she was director of retirement investment and compliance. Annamalai holds a Bachelor of Arts degree from York University and a Master of Business Administration from University of California, Berkeley. Sclafani is a senior defined contribution strategist.

In her role, she will be responsible for driving Americas' DC research and thought leadership agenda and contributing to overall DCIO strategy. Additionally, Sclafani will serve as a subject matter expert for the firm's DC brand-building efforts more generally. She will be a resource to client service and business development professionals, as well as T. Rowe Price retirement professionals across the enterprise, to support firmwide DC initiatives.

Sclafani will report to Michael Davis, head of defined contribution plan specialists for the Americas. Sclafani has more than 14 years of experience, most recently with MFS Investment Management, where she served as DC strategist for the Investment Solutions Group. Prior to MFS, she led the retirement practice for industry consultant Cerulli Associates, where she guided the firm's DC research efforts.

Previously, she held an analyst position with Wellington Management. Sclafani holds a Bachelor of Arts degree from Boston College and the Chartered Alternative Investment Analyst designation. She is based in Boston.