Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:What Will Ed Bernard's Retirement Mean For T. Rowe? Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, February 14, 2018

What Will Ed Bernard's Retirement Mean For T. Rowe?

Reported by Neil Anderson, Managing Editor

With a 30-year veteran preparing to retire, Bill Stromberg is making several key changes at the top of T. Rowe Price [profile].

Today Stromberg, the 57-year-old president and CEO of Baltimore-based T. Rowe, confirms that on December 31, 2018, vice chairman Ed Bernard, age 62, will retire from the company. Meanwhile, on March 1, Stromberg is promoting global equity co-head Rob Sharps, age 46, to the newly created position of head of investments.

Since 2006 Bernard has been responsible for all of the publicly traded asset manager’s client service, communication, distribution, marketing, and technology activities.

“Those groups will begin reporting to Bill [Stromberg]” on January 1, 2019, T. Rowe spokesman Brian Lewbart confirms.

“Ed’s contributions to our success over the last three decades have been significant and instrumental to the growth of the firm and the enhancement of our capabilities, reach, and reputation,” Stromberg states, praising Bernard as “a highly respected and trusted advocate for our industry and the clients it serves.”

On the investments side, since chief investment officer Brian Rogers retired in March 2017, Stromberg himself has effectively been serving as head of investments, too, so now he’s passing those reins to Sharps. (Stromberg, a 31-year T. Rowe veteran from the investing side of the business, served as head of global equity and global equity research before taking over as CEO on January 1, 2016.) Eric Veiel, the 46-year-old head of U.S. equity, will succeed Sharps as co-head of global equity alongside Chris Alderson, the 55-year-old head of international equity.

Edward C. Bernard, an alumnus of both Brown and NYU, joined T. Rowe in 1988 as a marketing manager. In addition to being vice chair of T. Rowe Price overall, he also has chaired the board for T. Rowe’s mutual funds in the U.S. since 2006. He chairs T. Rowe Price Investment Services and T. Rowe Price International, T. Rowe’s arm in the United Kingdom. From 2009 to 2011, he chaired the board of governors of the Investment Company Institute (ICI). 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2022: Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. Nicsa webinar - Luxembourg: The FinTech Gateway to Europ, May 18
  2. MMI webinar - How Wealth Firms Can Attract and Retain the Modern Investor, May 18
  3. ICI webinar - New Research Shows "First-Mover" Is a Universal Investor Response — Not Unique to Open-End Mutual Funds, May 18
  4. MFDF webinar - Mutual Fund Director Compensation: The MPI Annual Survey (2022), May 19
  5. 2022 ICI Leadership Summit, May 25-26
  6. ALFI Roadshow to New York, May 25
  7. 2022 IDC Fund Directors Workshop, May 26
  8. Irish Funds Annual Global Funds Conference 2022, May 30-31
  9. WealthManagement Edge, May 31 - June 3
  10. MFDF 2022 Fund Governance and Regulatory Insights Conference, Jun 8-9
  11. 28th annual Expect Miracles East Coast Classic, June 9
  12. 2022 Sohn Investment Conference, June 9
  13. IDC webinar - Cybersecurity for Fund Boards: The Current Landscape, June 9
  14. MMI webinar - Driving Business Value with Artificial Intelligence & Data, June 15
  15. MFDF webinar - Key Takeaways From Morningstar's 2021 Annual Fund Fee Study, June 16
  16. MFDF Director Discussion Series - Open Forum (Chicago), June 21
  17. 2022 MMI Emerging Asset Managers Forum, June 23
  18. MFDF In Focus: Capitol Hill, A Conversation with Congressman Bryan Steil, June 28
  19. Financial Planning INVEST, Jun 28-29
  20. MFDF webinar - Differentiating Mutual-Fund-to-ETF Conversions, July 19
  21. MFDF Director Discussion Series - Open Forum (New York), July 20
  22. 2022 MMI Distribution Leadership Forum, Jul 20-21
  23. MFDF webinar - Fund Boards' Oversight of Investment Performance, July 28
  24. MFDF webinar - Performance, Perception and Manager Selection, September 14
  25. 2022 ICI Tax and Accounting Conference, Sep 18-21
  26. 5th annual Expect Miracles Atlantic Coast Classic, October 3




©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use