STEPH JACKSON TO RETIRE FROM T. ROWE PRICE INVESTMENT MANAGEMENT

Rhea-AI Summary

T. Rowe Price (NASDAQ-GS: TROW) announced a planned leadership transition at T. Rowe Price Investment Management (TRPIM): Steph Jackson will retire at the end of 2026 after leading TRPIM since its 2022 formation. Steven Krichbaum will become associate head of TRPIM effective January 22, 2026 and will succeed Jackson as head of TRPIM on January 1, 2027, joining the firm's Management Committee and reporting to Eric Veiel. Krichbaum and Jackson will work together through 2026 to ensure a seamless handover. The firm reports managing $1.78 trillion in client assets as of December 31, 2025.

Positive

• Successor named effective Jan 1, 2027
• Planned transition with overlap through 2026 for handover
• $1.78 trillion in client assets as of Dec 31, 2025

Negative

• Head of TRPIM retiring at end of 2026

News Market Reaction

+0.91%

1 alert

+0.91% News Effect

On the day this news was published, TROW gained 0.91%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Assets under management: $1.78 trillion Retirement-related assets share: about two-thirds Firm history: over 85 years +5 more

8 metrics

Assets under management $1.78 trillion Client assets as of December 31, 2025

Retirement-related assets share about two-thirds Portion of $1.78 trillion client assets tied to retirement

Firm history over 85 years Duration of T. Rowe Price investment track record

TRPIM establishment year 2022 Year T. Rowe Price Investment Management division was created

Steph Jackson tenure start 2007 Year Jackson joined T. Rowe Price

Krichbaum tenure start 2006 Year Krichbaum joined T. Rowe Price

Head transition date January 1, 2027 Effective date for Krichbaum to become head of TRPIM

Retirement timing End of 2026 Planned retirement date for Steph Jackson

Market Reality Check

Price: $94.58 Vol: Volume 1,357,328 is below...

normal vol

$94.58 Last Close

Volume Volume 1,357,328 is below the 20-day average of 1,669,317, suggesting no outsized trading response pre-announcement. normal

Technical Price at 106.13 is trading above the 200-day MA of 100.67, and about 10.3% below the 52-week high.

Peers on Argus

TROW gained 2.36% while peers showed mixed moves: CG (-0.57%), TPG (-0.11%) vers...

TROW gained 2.36% while peers showed mixed moves: CG (-0.57%), TPG (-0.11%) versus NTRS (+1.18%), OWL (+1.09%), PFG (+2.45%). With no peers in the momentum scanner, the move screens as stock-specific rather than a clear sector rotation.

Common Catalyst One peer, NTRS, reported earnings today, but broader asset management headlines do not indicate a shared leadership-transition theme.

Historical Context

5 past events · Latest: Jan 15 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 15	Tender offer result	Neutral	-0.8%	Data Storage completed tender offer and disclosed final accepted shares and cost.
Jan 15	Podcast content	Neutral	+1.2%	Special podcast episode on financial history and market decision-making released.
Jan 14	Product launch	Neutral	+2.5%	Launch of Income Solver retirement tool through fintech subsidiary Retiree Inc.
Jan 12	Strategic partnership	Neutral	-0.4%	Partnership with First Abu Dhabi Bank to expand investment offering in the GCC.
Jan 09	Financing support	Neutral	-1.2%	Oak Hill Advisors led private debt financing for Majesco’s acquisition of Vitech.

Pattern Detected

Recent news items for TROW and affiliates span tools, partnerships, and thought leadership, with generally modest single-day price reactions that often align directionally with the informational nature of the releases.

Recent Company History

Over the past weeks, TROW-related headlines have highlighted product innovation, strategic partnerships, and brand-building content. On Jan 14, the launch of the Income Solver retirement tool coincided with a 2.48% gain. A strategic partnership with First Abu Dhabi Bank on Jan 12 saw a small negative move (-0.44%). Educational and podcast content on Jan 15 aligned with a modest uptick. Compared with these incremental strategic updates, today’s announcement centers on a planned, multi-year leadership transition at TRPIM.

Market Pulse Summary

This announcement details a long-planned leadership transition at TRPIM, with Steph Jackson retiring...

Analysis

This announcement details a long-planned leadership transition at TRPIM, with Steph Jackson retiring at the end of 2026 and Steven Krichbaum assuming the head role on January 1, 2027. The staged succession and Krichbaum’s deep experience inside the division frame this as continuity-focused rather than abrupt change. In context of TROW’s $1.78 trillion in client assets and 85+ years of history, investors may watch for any follow-on disclosures about strategic priorities or organizational changes within TRPIM.

AI-generated analysis. Not financial advice.

Steven Krichbaum named successor and new head of TRPIM in 2027

BALTIMORE, Jan. 22, 2026 /PRNewswire/ -- T. Rowe Price announced today a planned leadership transition within its T. Rowe Price Investment Management division (TRPIM), as Steph Jackson, who currently serves as head of TRPIM and is a member of the Management Committee, will be retiring at the end of 2026. Jackson's tenure at T. Rowe Price has been marked by impactful leadership and a steadfast commitment to clients, associates, and community.

Since joining T. Rowe Price in 2007, Jackson has held influential roles, including portfolio specialist, director of research for the Equity Associate Analyst Program, director of research for the European equity research team in London, and associate head of U.S. Equity. Most notably, Jackson's vision and leadership were pivotal to the establishment of TRPIM in 2022, strengthening the firm's ability to serve clients and positioning T. Rowe Price for continued success.

Beyond his executive responsibilities, Jackson has served as a dedicated leader within the firm by championing and supporting multiple business resource groups, while promoting an environment of inclusivity and excellence. Jackson's legacy also includes deepening the firm's community ties in Baltimore, notably as the executive champion of the T. Rowe Price Foundation's Moonshot initiative, which connects T. Rowe Price with local entrepreneurs and social enterprises.

Effective January 22, 2026, Steven Krichbaum will assume the role of associate head of TRPIM and will succeed Jackson as head of TRPIM on January 1, 2027. He will serve on the firm's Management Committee and report to Eric Veiel, head of Global Investments and chief investment officer.

Krichbaum, who joined T. Rowe Price in 2006, brings nearly two decades of investment, leadership, and commercial experience. His career includes roles as analyst, associate portfolio manager, and head of strategic initiatives, with significant contributions to TRPIM's creation. Most recently, Krichbaum has served as TRPIM director of equity and fixed income research.

Krichbaum will work closely with Jackson throughout 2026 to ensure a seamless transition.

"We are immensely grateful for Steph's outstanding leadership and service," said Veiel. "We look forward to celebrating his achievements over the coming year and supporting Steven as he leads TRPIM into its next chapter."

^{ABOUT T. ROWE PRICE INVESTMENT MANAGEMENT}
T. Rowe Price Investment Management (TRPIM) is a division of T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), established in 2022 to enhance the firm's ability to deliver specialized investment solutions for clients globally. TRPIM draws on the deep investment expertise, disciplined research, and client-focused culture that have defined T. Rowe Price for over 85 years. The division offers equity, fixed income, and multi-asset strategies to institutions, financial intermediaries, and individual investors worldwide. Headquartered in Baltimore, Maryland, TRPIM operates as part of T. Rowe Price's global network, serving clients across North America, Europe, Asia, and the Middle East.

^{ABOUT T. ROWE PRICE}
T. Rowe Price (NASDAQ-GS: TROW) is a leading global asset management firm, entrusted with managing $1.78 trillion in client assets as of December 31, 2025, about two-thirds of which are retirement-related. Renowned for over 85 years of investment excellence, retirement leadership, and independent proprietary research, the firm leverages its longstanding expertise to ask better questions that can drive better investment decisions. Built on a culture of integrity and prioritizing client interests, T. Rowe Price empowers millions of investors worldwide to thrive amidst evolving markets. Visit troweprice.com/newsroom for news and public policy commentary.

View original content to download multimedia:https://www.prnewswire.com/news-releases/steph-jackson-to-retire-from-t-rowe-price-investment-management-302668104.html

SOURCE T. Rowe Price Group

FAQ

When will Steph Jackson retire from T. Rowe Price Investment Management (TROW)?

Steph Jackson will retire at the end of 2026.

Who will succeed Steph Jackson as head of TRPIM and when will the change take effect for TROW?

Steven Krichbaum will succeed Jackson as head of TRPIM effective January 1, 2027.

What interim role does Steven Krichbaum assume at T. Rowe Price (TROW) before becoming head of TRPIM?

Effective January 22, 2026, Krichbaum will serve as associate head of TRPIM.

To whom will the new head of TRPIM report at T. Rowe Price (TROW)?

The head of TRPIM will report to Eric Veiel, head of Global Investments and chief investment officer.

Will Steph Jackson and Steven Krichbaum work together during the transition at T. Rowe Price (TROW)?

Yes. Krichbaum will work closely with Jackson throughout 2026 to ensure a seamless transition.

How much in client assets does T. Rowe Price report managing (TROW)?

T. Rowe Price reports managing $1.78 trillion in client assets as of December 31, 2025.