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Tag Archives: James A.C. Kennedy

Kennedy, T. Rowe’s CEO, to step down at year’s end (access required)

James A.C. Kennedy, CEO and president and chair of the management committee at T. Rowe Price, has decided to step down from those roles effective Dec. 31, 2015, the company announced Wednesday. He will retire from the Baltimore-based asset manager at the company’s Annual Meeting on April 27, 2016, after 38 years with the firm, the last nine as CEO and president. William J. Stromberg, a 28-year veteran of the company who is currently head of Global Equity and Global Equity Research and a member of the firm’s management committee, will succeed Kennedy. Stromber will become president and CEO and chair of the Management Committee, effective Jan. 1, 2016. He will also join the Board of Directors.

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‘Boring’ story: T. Rowe’s third quarter tops estimates (access required)

T. Rowe Price Group continued its recent upward trajectory during the third quarter, reporting increases in revenue and net income, posting record-high assets under management and outperforming analyst expectations, according to the company’s earnings statements released Wednesday morning.

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T. Rowe Price’s second half to hinge on election year politics (access required)

Though Baltimore-based money manager T. Rowe Price Group Inc. reported an increase in income and revenue for the second quarter, the company’s performance in the second half of the year hinges on the politics of an election year and a national government that has failed to reach a budget compromise.

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T. Rowe sees record assets under management, increase in profits (access required)

T. Rowe Price Group Inc. saw a record quarterly cash flow into target-date retirement portfolios in the first three months of 2012, the company’s CEO said Tuesday. “When people are thinking about adding more money into the marketplace, people, thankfully, ...

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