T. Rowe Price has announced the promotion of Eric Veiel to president, effective June 1, as the firm navigates significant client outflows impacting its assets under management, which have fallen to $1.71 trillion. In addition, Sébastien Page will serve as co-head of Global Investments, and Wyatt Lee will take on the role of head of Global Multi-Asset starting October 1. These leadership changes are part of a broader strategy to enhance growth and address recent financial pressures.
“T Rowe Price · promoted · its head of investments · to corporate president”
“T. Rowe Price · has a market cap of · $21.86 billion · 21.86 billion”
“Eric Veiel · is appointed · president · effective June 1”
“Wyatt Lee · will become · head of Global Multi-Asset · effective October 1”
“Sébastien Page · will become · co-head of Global Investments · effective June 1”
“Rob Sharps · leads · the firm · as chair and chief executive officer”
“Eric Veiel · has been with · T. Rowe Price · more than 20 years”
“Wyatt Lee · has been with · T. Rowe Price · since 1999”
“Sébastien Page · has · 25 years of experience · across multi-asset investing”
“T. Rowe Price Investment Management, Inc. · represents · percentage ownership · 3.60%”
“T. Rowe Price · is · an investment services company · true”
“T. Rowe Price · offers · mutual funds · true”
