The T. Rowe Price Group has named Rob Sharps president. That position had been held by Bill Stromberg, who will remain the fund company's chief executive and board chairman.
Sharps is a 23-year veteran of T. Rowe Price and was the longtime portfolio manager of its U.S. large-cap growth equity strategy. In addition to serving as president, he remains the company's head of investments and group chief investment officer.
Named to the new post of chief operating officer is Céline Dufétel. Both she and Sharps will report to Stromberg.
Dufétel joined T. Rowe Price in 2017 as its chief financial officer and treasurer. She has been in charge of the company’s financial activities, investor relations, strategy, risk oversight, corporate real estate and workplace services, global investment operations, and enterprise change.
As she takes on the role of COO in addition to CFO and treasurer, Dufétel’s responsibilities will expand to include global client account services, effective April 1, and global technology, effective July 1.
InvestmentNews reported in 2017 that the IRS was scrutinizing the tax shelter land deals, called syndication conservation easements.
Advisors gain a second workflow for 401(k) guidance as the fintech expands beyond bulk rebalancing, backed by new policy research on advice access.
New data shows most people do not have enough saved to cover costs and are not fully utilizing their accounts.
Firms announce new recruits this week, with teams overseeing hundreds of millions in client assets switching affiliations.
It’s the 12th deal for Stratos since SEI's investment and follows 11 acquisitions worth $4.8B in 2025.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
