T. Rowe Price Group, Inc. announced that Eric Veiel, a chief investment officer and head of Global Equity, has been named head of Global Investments, effective January 1, 2024. The head of Global Investments role was previously held by Rob Sharps, chief executive officer and president. In connection with this appointment, the heads of the Investment divisions below will report to Eric as of January 1, 2024: Arif Husain, a chief investment officer and who as previously announced will become head of Fixed Income on January 1, 2024, following Andy McCormick's retirement; and Sébastien Page, a chief investment officer and head of Global Multi-Asset.

Josh Nelson, head of U.S. Equity, and Justin Thomson, a chief investment officer and head of International Equity, will continue to report to Eric. The heads of each Investment division will remain on the Management Committee. T. Rowe Price Investment Management (TRPIM) is managed separately from the other T. Rowe Price-branded investment advisers and independently makes investment, research, and proxy voting decisions.

Steph Jackson, head of TRPIM, will report to Eric with respect to business and administrative matters impacting the T. Rowe Price advisers. Eric Veiel is currently a chief investment officer and head of Global Equity. He is chair of the Investment Management Steering Committee and a member of the Management Committee, the Equity Steering Committee, the International Steering Committee, the Multi-Asset Steering Committee, the Product Steering Committee, and the Management Compensation and Development Committee.

He was previously co-director of Equity Research for North America and co-portfolio manager of the U.S. Structured Research Equity Strategy. From 2010 to 2014, Eric was the portfolio manager of the Financial Services Equity Strategy and Financial Services Sector team leader.