T. Rowe Price Unveils New Global Strategy Function
BALTIMORE — T. Rowe Price has announced the establishment of a Global Strategy function aimed at enhancing its strategic vision and long-term planning. This initiative is set to steer the firm's corporate strategy, mergers and acquisitions, and product development. Andrew Reich is slated to assume the role of head of Global Strategy effective January 5, 2026.
Expert Leadership for Strategic Growth
Reich joins T. Rowe Price with extensive industry knowledge, having previously held the position of partner and head of the Asset Management Practice for North America at McKinsey & Company. During his time there, he played a pivotal role in assisting asset and wealth managers, as well as insurers, to adapt to the changing dynamics of the industry and to craft sustainable growth strategies.
A Commitment to Innovation
Rob Sharps, chair, CEO, and president of T. Rowe Price, expressed optimism about the new Global Strategy function. "By establishing this dedicated team, we are enhancing our ability to seize emerging opportunities," Sharps stated. He emphasized that this structure will allow the firm to continue providing innovative solutions tailored to the evolving demands of its clients. The addition of Andrew Reich to the firm signals a commitment to advancing their strategic priorities.
Reich's Vision for the Future
Andrew Reich shared his enthusiasm about joining T. Rowe Price, stating, "I am honored to be part of such a prestigious institution. I look forward to collaborating with the team to refine T. Rowe Price's strategic vision and guide our growth strategy in an industry marked by transformative change." His insights are expected to significantly influence the firm's approach as they navigate the future landscape of asset management.
About T. Rowe Price
T. Rowe Price (NASDAQ: TROW) is a preeminent global asset management firm that manages approximately $1.79 trillion in client assets as of October 31, 2025. Notably, around two-thirds of these assets are related to retirement. Renowned for its over 85 years of investment excellence, retirement leadership, and proprietary research, T. Rowe Price focuses on delivering better investment decisions through insightful questioning. With a foundation built on integrity and a commitment to client interests, T. Rowe Price empowers countless investors globally to thrive in the face of changing market conditions. For additional insights and updates, visit troweprice.com/newsroom.
Frequently Asked Questions
What is the purpose of T. Rowe Price's Global Strategy function?
The Global Strategy function aims to enhance the firm's strategic vision and long-term planning, focusing on corporate development and innovative solutions.
Who will lead the Global Strategy function?
Andrew Reich will lead the Global Strategy function, bringing extensive industry experience to the role.
What experience does Andrew Reich have?
Reich has served as a partner and head of the Asset Management Practice for North America at McKinsey & Company, where he facilitated growth strategies for firms in the financial sector.
What are T. Rowe Price's core values?
T. Rowe Price emphasizes integrity and prioritizing client interests, which is integral to their approach to investment management.
How can clients learn more about T. Rowe Price?
Clients can visit their website at troweprice.com/newsroom for news updates and insights into the firm's public policy commentary.
