T Rowe Price CEO Stromberg to step down, CIO named as replacement
Former fund manager Rob Sharps will take the reins at the Baltimore-based asset manager from December 31. 30 July, 2021 at 05:00
T Rowe Price CEO Bill Stromberg is to step down from the role at the end of the year and will be replaced by current CIO Rob Sharps.
Stromberg (pictured below) has been with the Baltimore-based asset manager for 35 years and will remain on its board as non-executive chair after he retires from the CEO role on 31 December.
Sharps, a 24-year veteran of the firm, is currently head of investments and group CIO. Prior to these positions, he was co-head of global equities and a portfolio manager on T Rowe’s US Large-Cap Growth Equity strategy, having first joined the asset manager as an equity analyst.
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Justin P. White, CFA, is Portfolio Manager at T. Rowe Price’s US Multi-Cap Growth Equity Strategy. That includes the T. Rowe Price All-Cap Opportunities Fund, in the U.S. Equity Division. He is chairman of the Investment Advisory Committee of the US Multi-Cap Growth Equity Strategy and a vice president and an Investment Advisory Committee member of the US Large-Cap Core Equity, US Structured Research Equity, US Growth Stock, US Large-Cap Core Growth Equity, US Mid-Cap Growth Equity, US Mid-Cap Value Equity, and Communications and Technology Equity Strategies. He graduated from Dartmouth College. He majored in applied mathematics and economics. He was elected to the Phi Beta Kappa honor society. He also received an MBA from Dartmouth’s Tuck School of Business. Profile