Press release
T. ROWE PRICE GROUP NAMES ERIC VEIEL HEAD OF GLOBAL INVESTMENTS EFFECTIVE JANUARY 1, 2024
BALTIMORE, Nov. 27, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), announced today that Eric Veiel, a chief investment officer and head of
About this update from T. Rowe Price Group, Inc.
[{"type":"text","content":"BALTIMORE, Nov. 27, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), announced today that Eric Veiel, a chief investment officer and head of Global Equity, has been named head of Global Investments, effective January 1, 2024. The head of Global Investments role was previously held by Rob Sharps, chief executive officer and president. \n\nIn connection with this appointment, the heads of the Investment divisions below will report to Eric as of January 1, 2024:\nArif Husain, a chief investment officer and who as previously announced will become head of Fixed Income on January 1, 2024, following Andy McCormick's retirement; andSébastien Page, a chief investment officer and head of Global Multi-Asset.Josh Nelson, head of U.S. Equity, and Justin Thomson, a chief investment officer and head of International Equity, will continue to report to Eric. The heads of each Investment division will remain on the Management Committee.\nT. Rowe Price Investment Management (TRPIM) is managed separately from the other T. Rowe Price-branded investment advisers and independently makes investment, research, and proxy voting decisions. Steph Jackson, head of TRPIM, will report to Eric with respect to business and administrative matters impacting the T. Rowe Price advisers.\nWith these new responsibilities, Eric will drive more efficient and coordinated resource allocation and enhance the sharing of investment best practices, talent management, and capability enhancement. He will remain on the Management Committee and continue to report to Rob Sharps. \nQUOTE\nRob Sharps, chief executive officer and president of T. Rowe Price Group, Inc.\"This expanded role for Eric is well deserved and recognizes his strong leadership as the head of Global Equity, as well as his many prior years as one of our top investors. Eric is an innovative thinker, with 18 years of steadfast commitment to investment excellence, and has sustained our performance-driven culture. Additionally, Eric is well respected for his focus on diversity, equity, and inclusion and for the global perspective he brings both to Investments and to decisions regarding the strategic direction of the firm.\"\n\"Reestablishing the head of Global Investments role will allow me to dedicate more time to the firm's corporate strategy, our business units, and external relationships. We are...