T. Rowe Price was established in 1937 by Thomas Rowe Price, Jr. In June 2007, James Kennedy was elected president and chief executive officer of the firm, completing a multi-year succession plan that also named Brian Rogers and Edward Bernard chairman and vice chairman, respectively. The election followed the retirement of chairman and president George Roche.
The Baltimore-based firm approaches investment management with several objectives -- long-term focus, proprietary research, and prudent risk management. In 1950 T. Rowe Price launched another fund, the T. Rowe Price Growth Fund. The principal focus behind this mutual fund was similar to its predecessor, outlining long-term results.
Those two launches made way for several other mutual fund strategies launches through T. Rowe Price; currently T. Rowe Price offers more than 75 mutual fund strategies.
The growing popularity of T. Rowe Price led to its eventual entry and success into the defined contribution retirement plan business in 1974.
The partnership shared between T. Rowe Price and several high-quality financial institutions resulted in the development of their third party distribution in 1994.
Eight years later, in 2003, T. Rowe Price introduced the target-date Retirement Funds which set a record for asset growth by reaching $8 billion in two years.
T. Rowe Price is now celebrating its 75th anniversary.
Edward Bernard Vice Chairman, T. Rowe Price
Bill Stromberg President, CEO, T. Rowe Price
Brian Rogers Non-Executive Chairman, T. Rowe Price Group, Inc.
Rob Sharps President, Head of Investments, Group Chief Investment Officer, T. Rowe Price Associates, Inc.
Tim Coyne Head of Exchange-Traded Funds, T. Rowe Price Associates, Inc.
Aimee DeCamillo Head of Global Retirement, Manulife Investment Management
Eric Veiel Head of U.S. Equity, T. Rowe Price Associates, Inc.
John Linehan CIO of U.S. Equity - Value, T. Rowe Price
Christopher Alderson Head of International Equity, T. Rowe Price
Ted Wiese Head of Fixed Income, T. Rowe Price Associates, Inc.