T. ROWE PRICE EXPANDS LEADERSHIP TEAM
T. Rowe Price (NASDAQ:TROW) announced a refreshed leadership structure to support strategy, innovation, and client outcomes.
Rhea-AI Summary
T. Rowe Price (NASDAQ:TROW) announced a refreshed leadership structure to support strategy, innovation, and client outcomes. Rob Sharps remains chair and CEO. Effective June 1, Eric Veiel becomes president while continuing as co-head of Global Investments and chief investment officer.
Sébastien Page becomes co-head of Global Investments and chief investment officer on June 1 and remains acting head of Global Multi-Asset through September 30. Effective October 1, Wyatt Lee becomes head of Global Multi-Asset while continuing to lead Target Date Strategies and co-manage target date portfolios. Veiel and Page report to Sharps; Lee joins the Management Committee on January 1, 2027.
Details
News Market Reaction – TROW
On May 18, the day this news came out, TROW closed 0.36% above the previous close.
Data tracked by StockTitan Argus for the May 18 session.
Key Figures
- President role effective date
- June 1
- Effective date for Eric Veiel becoming president
- Acting multi-asset end date
- September 30
- Sébastien Page remains acting head of Global Multi-Asset through this date
- Global Multi-Asset transition
- October 1
- Effective date for Wyatt Lee becoming head of Global Multi-Asset
- Management Committee date
- January 1, 2027
- Date Wyatt Lee is appointed to Management Committee
- Tenure Eric Veiel
- more than 20 years
- Time Eric Veiel has been with T. Rowe Price
- Experience Sébastien Page
- 25 years
- Experience across multi-asset investing and solutions
- Experience Wyatt Lee
- over 30 years
- Total investment experience for Wyatt Lee
- Firm tenure Wyatt Lee
- since 1999
- Year Wyatt Lee joined T. Rowe Price
Historical Context
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Reported April AUM of $1.83T with $10.6B net outflows and mix by asset class.
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Declared $1.30 quarterly dividend and reported annual meeting voting results.
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OHA Select Private Credit Fund Q1 results and $0.69 per share distributions detail.
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First quarter 2026 results and management webcast announcement with business updates.
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Release of ‘The Angle’ podcast episode featuring Northrop Grumman’s CEO discussion.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
target date strategies financial
multi-asset financial
portfolio manager financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
New leadership structure will enable strategy, enhance innovation, and deepen focus on client outcomes
Rob Sharps will continue to lead the firm as chair and chief executive officer, setting the overall vision and strategy for T. Rowe Price. Eric Veiel, currently head of Global Investments, has been named president, effective June 1. As president, Veiel will help drive strategy at the enterprise level—grounded in the firm's long-term, client-first approach—with an emphasis on adoption of innovative technologies to enhance operational efficiency and effectiveness. He will also retain a key leadership role in Investments as co-head of Global Investments and chief investment officer.
As part of the transition, Sébastien Page, currently head of Global Multi-Asset and chief investment officer, will become co-head of Global Investments and chief investment officer, also effective June 1, working alongside Veiel to oversee T. Rowe Price's investment research, portfolio management, and investment teams. Page will remain acting head of Global Multi-Asset through September 30.
Effective October 1, Wyatt Lee, currently head of Target Date Strategies and co-portfolio manager of the firm's target date portfolios, will become head of Global Multi-Asset. In addition to directing the firm's multi-asset strategies and solutions, he will continue to serve as head of Target Date Strategies and co-portfolio manager of the target date portfolios, providing continuity for one of the firm's most important franchises.
Veiel and Page will report to Sharps and remain members of the firm's Management Committee; Lee will be appointed to the committee effective January 1, 2027.
"Eric, Sébastien, and Wyatt are proven leaders with deep investments and market experience and a steadfast commitment to clients," said Sharps. "They have helped to shape the strategic direction of our firm, and I am confident that in their expanded roles they will position T. Rowe Price for continued success in the years ahead."
Leadership Appointments
Eric Veiel—President, Co-head of Global Investments and Chief Investment Officer
Veiel has been with T. Rowe Price for more than 20 years and is a senior investment leader. Prior to being named president, he served in key leadership roles across the firm's Investments organization.
"I am energized by what we can achieve as we bring the firm's capabilities together even more deliberately," said Veiel. "We will stay true to what has long differentiated T. Rowe Price—independent research, active management, and a focus on clients—while continuing to modernize how we operate and innovate across the enterprise."
Sébastien Page—Co-head of Global Investments and Chief Investment Officer
Page is a respected investor and leader with 25 years of deep experience across multi-asset investing and solutions. He has led the firm's Global Multi-Asset organization through significant growth and product innovation.
"I am excited to partner with Eric and investment leaders around the world as we embed a more connected, outcome-oriented focus throughout the organization," said Page. "We are committed to delivering investment excellence and to creating solutions that meet clients' needs in any environment."
Wyatt Lee—Head of Global Multi-Asset (Effective October 1)
Lee has over 30 years of investment experience and has been with T. Rowe Price since 1999. In addition to leading Global Multi-Asset, he will continue as co-portfolio manager and head of Target Date Strategies.
"Multi-asset and target date strategies are central to how we help clients pursue their long-term goals," said Lee. "I am honored to step into this role and focus on creating more compelling solutions and building deeper, more enduring client relationships."
ABOUT T. ROWE PRICE
T. Rowe Price (NASDAQ-GS: TROW) is a leading global asset management firm, entrusted with managing
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SOURCE T. Rowe Price Group
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