T. ROWE PRICE ANNOUNCES FORMATION OF THE T. ROWE PRICE INVESTMENT INSTITUTE
Rhea-AI Summary
T. Rowe Price has announced the formation of the T. Rowe Price Investment Institute, set to launch on January 1, 2025. The Institute will focus on enhancing investment talent development and strengthening the delivery of proprietary investment insights to clients. Justin Thomson, a 26-year company veteran and current head of International Equity and chief investment officer, will lead the initiative.
The Institute aims to establish a center of excellence for developing differentiated investment thought leadership and internal talent. It will curate insights from T. Rowe Price's research organization, develop educational content, and engage with experts in business, academia, and other institutions on topics such as portfolio construction, behavioral finance, and geopolitics.
Thomson, based in London, brings over 33 years of investment experience to the role. The Institute is positioned as an important educational resource for investment professionals and clients, addressing the increasing risks in today's markets and the need for timely, actionable insights.
Positive
- Creation of a new Investment Institute to enhance talent development and client education
- Appointment of experienced leader Justin Thomson to head the initiative
- Potential for improved investment insights and decision-making for clients and professionals
- Expansion of educational resources and collaboration with external experts
Negative
- None.
26-year company veteran Justin Thomson to lead new initiative focused on investment talent development and institutional/intermediary client education
Thomson will create the Institute's charter, which is expected to involve establishing a center of excellence for developing differentiated investment thought leadership and internal investment talent development. The work of the Institute will include curating and highlighting insights generated by T. Rowe Price's leading investment research organization and developing educational content to help clients and T. Rowe Price investment professionals augment investment decision-making. As progress accelerates into next year under Thomson's leadership, the Institute will pursue engagements with experts in business and academia and with other institutions on topics such as portfolio construction, behavioral finance, geopolitics, and others. The Institute will facilitate collaboration between these experts and T. Rowe Price investment professionals, developing insights that can be shared with clients.
Thomson is a 26-year veteran of T. Rowe Price who helped conceive the firm's International Small-Cap Equity Strategy and managed it for many years before stepping into his current leadership role in 2020. He has also been an important contributor to T. Rowe Price's Asset Allocation Committee for the last nine years. Thomson is based in
"Justin has a demonstrable record of success throughout his long tenure at T. Rowe Price," said Eric Veiel, head of Global Investments and a chief investment officer. "He was a talented portfolio manager, and he has always been an influential voice within the investment organization. He is valued as a leader and mentor, and he's highly respected by his colleagues and clients. The impressive skill set he has built over the course of his career makes him the perfect match for this important new role."
"The T. Rowe Price Investment Institute will be an important educational resource for our investment professionals and our clients," Thomson said. "Risks are everywhere in the markets today. More than ever, investors and advisors need a place where they can find timely and actionable insights from people who are on the ground asking the right questions of the companies that are shaping the present and future of the financial markets and global economies. That's why the time is right to establish this Institute and it's why I also believe the time is right for cost-effective, skilled active asset management. Our intent with the Institute is to help investors do more than keep pace with markets by enabling better, more informed investment decisions."
ABOUT T. ROWE PRICE
Founded in 1937, T. Rowe Price (NASDAQ – GS: TROW) helps individuals and institutions around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Clients rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price serves millions of clients globally and manages US
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SOURCE T. Rowe Price Group
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