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Tag Archives: T. Rowe Price

Kennedy, T. Rowe’s CEO, to step down at year’s end

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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T. Rowe Price to trade Japanese stocks from Sydney

Baltimore-based T. Rowe Price Group Inc. will start trading Japanese stocks from Sydney next week as the U.S. money manager seeks to meet demand for Tokyo equities and free up staff in Hong Kong to cover other markets.

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T. Rowe Price executive resigns

T. Rowe Price

T. Rowe Price's head of fixed income, Michael Gitlin, will resign from his position Friday to take the same position with The Capital Group in L.A.

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State’s college savings plan is golden

Morningstar Inc. has rated the Maryland College Investment Plan, managed and distributed by T. Rowe Price, as a “Gold” 529 college savings plan for the fifth straight year, the College Savings Plans of Maryland announced. The Maryland College Investment Plan ...

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T. Rowe Price launches two funds

T. Rowe Price, the Baltimore-based money manager, announced Tuesday that it has introduced two new mutual funds —one that invests in international stocks and one that invests in noninvestment-grade municipal bonds. The International Concentrated Equity Fund is available in an ...

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T. Rowe survey: Boys get more money attention

Additional findings from T. Rowe Price’s 2014 Parents, Kids & Money Survey reveal a gender gap between boys and girls when it comes to money matters. The survey of 8- to 14-year-old children by the Baltimore-based money manager found that ...

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T. Rowe Price buys more Allergan

T. Rowe Price Group Inc., the Baltimore-based money manager, was among investors buying increased stakes in pharmaceutical company Allergan in the last quarter, according to Securities and Exchange Commission filings reported by Bloomberg News. T. Rowe Price, which has taken ...

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Revenue, profits up at T. Rowe Price

T. Rowe Price Group, Inc. reported 18 percent growth in investment advisory revenue in the second quarter and an even greater increase in profit compared to the same quarter last year. The Baltimore-based money manager reported net revenue of $984.3 ...

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