Steph Jackson to Step Down as Head of T. Rowe Price Investment Management in 2026

Leadership Transition at T. Rowe Price Investment Management

T. Rowe Price has recently disclosed plans for a leadership transition within its Investment Management division (TRPIM), marking a significant moment in the firm's history. Steph Jackson, the current head of TRPIM and a pivotal member of the Management Committee, has announced his retirement, effective at the end of 2026. This decision underlines Jackson's remarkable career and his impactful leadership throughout his tenure.

Steph Jackson joined T. Rowe Price in 2007 and has since held several key positions that shaped the company's trajectory. From his roles as portfolio specialist to director of research for various equity programs, Jackson's contributions have been instrumental in the firm's growth. Notably, he played a crucial role in establishing TRPIM in 2022, enhancing the firm's capabilities to meet clients' investment needs.

Jackson's leadership was characterized by a deep commitment to clients, associates, and his community. He fostered an inclusive environment within T. Rowe Price, advocating for various business resource groups and positioning the firm as a leader in corporate social responsibility. A testament to his dedication is his involvement in the T. Rowe Price Foundation's Moonshot initiative, which encourages collaboration with local entrepreneurs and social enterprises, further deepening the firm's roots in the Baltimore community.

As Jackson prepares for his retirement, Steven Krichbaum has been named as his successor. Krichbaum, who joined T. Rowe Price in 2006, brings nearly twenty years of experience within the firm. With a career that includes roles as an analyst and associate portfolio manager, he is well-equipped to lead TRPIM into its next chapter. As the current director of equity and fixed income research, Krichbaum’s contributions were significant during the formation of TRPIM.

Beginning on January 22, 2026, Krichbaum will transition into the role of associate head of TRPIM and will take over as head of the division on January 1, 2027. The firm has emphasized that Krichbaum will work closely with Jackson throughout 2026 to ensure a smooth transition.

T. Rowe Price has expressed immense gratitude for Jackson’s contributions, with Eric Veiel, head of Global Investments and Chief Investment Officer, highlighting their appreciation for his outstanding leadership and service. As the firm celebrates Jackson’s achievements over the next year, it looks forward to Krichbaum's leadership amidst an ever-evolving market landscape.

T. Rowe Price Investment Management seeks to deliver specialized investment solutions to its clients worldwide, leveraging a culture centered around rigorous research and client interests. Established in 2022 as a dedicated division of T. Rowe Price Group Inc., TRPIM functions globally, offering diverse investment strategies, including equity, fixed income, and multi-asset options.

With T. Rowe Price managing over $1.78 trillion in client assets, this transition in leadership is part of a broader commitment to enhance the firm's ability to navigate the complexities of investment management and ensure clients can successfully achieve their financial goals. As the firm looks ahead, Krichbaum's leadership is poised to guide TRPIM toward continued success in delivering exceptional investment solutions and fostering long-lasting client relationships.