T. Rowe Price Establishes Global Strategy Function to Enhance Long-Term Planning

T. Rowe Price Announces Formation of Global Strategy Function

T. Rowe Price, a leading global asset management firm headquartered in Baltimore, has unveiled the creation of a new Global Strategy function, designed to enhance its strategic vision and long-term planning capabilities. This strategic initiative reflects the firm’s commitment to adapt to evolving market dynamics and better meet the needs of its clients.

The new function will be headed by Andrew Reich, who is set to join the firm on January 5, 2026. Reich brings extensive experience in the asset management sector, having most recently served as a partner and head of the Asset Management Practice for North America at McKinsey & Company. Throughout his career, he has supported asset managers, wealth managers, and insurers in navigating the intricate changes of the financial landscape and crafting sustainable growth strategies. In his new role, he will oversee corporate strategy, corporate development, mergers and acquisitions, and product development at T. Rowe Price.

Rob Sharps, the firm's Chairman, CEO, and President, emphasized the importance of establishing a dedicated Global Strategy function. He stated, "By establishing a dedicated Global Strategy function, we further strengthen our position to take advantage of the opportunities ahead. This will enable us to continue delivering innovative solutions for the evolving needs of our clients." This statement highlights T. Rowe Price’s proactive approach to maintaining its competitive edge in the market.

Reich also expressed his enthusiasm about joining T. Rowe Price, acknowledging the company's rich history and strong foundation in investment management. He remarked, "I look forward to working alongside the team to shape T. Rowe Price's strategic vision, guide our long-term growth agenda, and unlock new opportunities in a period of transformative change in the industry." This sentiment mirrors the shared anticipation within T. Rowe Price as they prepare for a future bolstered by strategic leadership.

Founded over 85 years ago, T. Rowe Price has built a reputation for investment excellence and independent proprietary research. As of October 31, 2025, the firm manages $1.79 trillion in client assets, with roughly two-thirds of this amount related to retirement. The establishment of the Global Strategy function marks another step in their ongoing commitment to client interests and the pursuit of innovative financial solutions.

This new role for Reich is not just a structural change; it symbolizes T. Rowe Price’s readiness to embrace new challenges and opportunities in the asset management sector. The firm aims to remain at the forefront of the industry, aligning its strategies with the changing preferences of investors worldwide.

With a culture rooted in integrity and a dedication to client service, T. Rowe Price continues to empower millions of investors, providing them with the tools needed to navigate and thrive in a constantly evolving market environment. This strategic move serves as a testament to their adaptability and foresight in an ever-changing financial landscape. For more updates, visit T. Rowe Price Newsroom.