Tag Archives: William Stromberg

T. Rowe shareholder proposals rejected at annual meeting

From left, Edward Bernard, vice chairman,  Bill Stromberg- CEO and Brian Rogers, chairman of the board, speaking at the T. Rowe Price annual shareholders meeting.

T. Rowe Price shareholders rejected shareholder proposals to issue reports about climate change, executive compensation and diversity at Wednesday’s annual meeting at the company’s Owings Mills campus. On climate change and executive compensation, at issue were how the company proxy ...

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T. Rowe’s Stromberg: Still hope for Trump’s goals after uncertain first 100 days

(The Daily Record / Maximilian Franz)

President Donald Trump has not had much of an effect on the financial markets so far, T. Rowe Price’s CEO said Tuesday. “I don’t think there’s been a lot of impact,” William J. Stromberg said after the Baltimore-based money manager ...

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T. Rowe Price ready for DOL fiduciary rule implementation

T. Rowe Price CEO and President William Stromberg. (The Daily Record / Maximilian Franz)

While President Donald Trump’s 60-day regulatory freeze has prompted some financial service leaders to push for a repeal of the Department of Labor’s fiduciary duty rule, T. Rowe Price CEO William J. Stromberg says the Baltimore money manager is on track to implement ...

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Incoming T. Rowe CEO: We have to grow outside U.S.

Bill Stromberg.

William J. Stromberg says he wants T. Rowe Price Group to continue "doing the basics" well while increasing the asset manager's emphasis on growing business outside of the United States. Stromberg, who has worked at the firm for 28 years, will succeed James A.C. Kennedy as president and CEO starting Jan. 1, 2016, T. Rowe announced Wednesday. In an interview Wednesday, Stromberg said T. Rowe will work to maintain its "continued outstanding investment results" as well as expand its efforts in three areas. First, the firm will put an increasing focus on growing business outside of the U.S., both by continuing to invest in international funds and by raising money from more clients outside of the country, Stromberg said. Next, he said he wants to continue efforts begun by Kennedy to make T. Rowe a more diverse and inclusive workplace. Finally, T. Rowe will work to preserve what Stromberg called the "culture of collaboration and teamwork that pervades the entire organization" and which makes it unique in the business. Part of this is embodied by the firm's management committee, Stromberg said.

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