Press release
T. Rowe Price Head Of International Equity Division Chris Alderson To Retire From Firm At Year-End; Veteran Portfolio Manager Justin Thomson To Take Over January 1, 2021
BALTIMORE, Feb. 5, 2020 /PRNewswire/ -- NEWS T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), announced today that Chris Alderson, head of International Equity,
About this update from T. Rowe Price Group, Inc.
[{"type":"text","content":"BALTIMORE, Feb. 5, 2020 /PRNewswire/ --\nNEWS\nT. Rowe Price Group, Inc. (NASDAQ-GS: TROW), announced today that Chris Alderson, head of International Equity, co-head of Global Equity, and a member of the Management Committee, will step down from his roles and retire from the company at the end of the year. Mr. Alderson joined the firm in 1988. \nJustin Thomson, chief investment officer, International Equity, and lead portfolio manager of the International Small-Cap Equity Strategy, including the International Discovery Fund, will succeed Mr. Alderson as head of International Equity on January 1, 2021. At that time, Mr. Thomson will join the Management Committee. He will report to Robert Sharps, head of Investments. \nThe firm also announced that effective March 1, 2020, Ben Griffiths will become co-portfolio manager of the International Small-Cap Equity Strategy, joining Mr. Thomson until Mr. Thomson relinquishes his portfolio manager responsibilities following a thoughtful transition period. \nQUOTESWilliam J. Stromberg, President and CEO, T. Rowe Price\"Chris' impact on our firm and our clients has been significant and will be long-lasting. He has been instrumental in the firm's success in building our global equity platform and in expanding our business internationally, both as a senior leader and as an investor. Chris is broadly respected for his unwavering commitment to investment excellence, his true global perspective, and his care for our culture. A friend to many of us, Chris will be missed.\"\nRobert Sharps, Head of Investments, T. Rowe Price\"Throughout his 28-year investment career, Justin has a successful track record of performance. His depth of investment knowledge and a leadership style that emphasizes sharing his investment wisdom as both a mentor and role model across the firm will serve him well in his new role.\"\nChris Alderson, Head of International Equity, T. Rowe Price\"I have been very lucky to have worked for such a high-quality firm for more than 30 years. It has been a privilege to have worked with so many talented people, including many excellent senior leaders and investors. The International Equity division is in a strong place, and the firm has become an ever more global business. I have huge confidence that Justin Thomson will do an outstanding job in my place.\"\nBACKGROUND ON CHRIS ALDERSONChr...