Crumbling was previously a general manager in the third party distributions and investment operations divisions of T Rowe Price.
He was previously director of operations for the Baltimore and Harrisburg offices of Coopers and Lybrand and spent three years as a senior accountant with Price Waterhouse.
Altius Holdings chairman George Loudon said, “We are very pleased with Joe’s appointment to the board.
“T Rowe Price has been an important shareholder in Altius for several years, and their support and encouragement has always been of value to the firm.
“We are at an interesting juncture in our development and look forward to working closely with Joe as the business moves forward.
“I am very gratified that we have been able to secure an experienced business professional such as Joe on the board.”
Altius Associates currently advises and manages about $24bn in private equity and real assets funds for clients across Europe, North America and Australia.
It has offices in London, Virginia and Singapore.
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