T. Rowe Price Group, Inc. announced that Chris Alderson, head of International Equity, co-head of Global Equity, and a member of the Management Committee, will step down from his roles and retire from the company at the end of the year. Mr. Alderson joined the firm in 1988. The firm also announced that effective March 1, 2020, Ben Griffiths will become co-portfolio manager of the International Small-Cap Equity Strategy, joining Mr. Thomson until Mr. Thomson relinquishes his portfolio manager responsibilities following a thoughtful transition period. Justin Thomson, chief investment officer, International Equity, and lead portfolio manager of the International Small-Cap Equity Strategy, including the International Discovery Fund, will succeed Mr. Alderson as head of International Equity on January 1, 2021. At that time, Mr. Thomson will join the Management Committee. He will report to Robert Sharps, head of Investments.