Newly created role to further the firm's focus on the
Insurance segment
BALTIMORE, Oct.
16, 2024 /PRNewswire/ -- T. Rowe
Price, a global investment management firm, announced the
elevation of Ben Riley,
CFA®, to the newly created role of Head of Insurance,
effective January 1, 2025. Riley will
oversee a team responsible for insurance clients in North America, while also coordinating T.
Rowe Price's global insurance
efforts. He will maintain coverage responsibilities for current
clients and prospects. Riley will continue to report to
Doug Greenstein, Head of
Institutional Business Development for Americas, the organization
responsible for the firm's institutional business in North America.
"Ben is perfectly suited to take on this important new role,"
said Greenstein. "His extensive experience and dedication have been
instrumental in establishing T. Rowe
Price within the Insurance sector. Ben is a strong leader,
and his appointment will enable us to drive growth and better serve
our clients with enhanced focus and expertise."
Riley has been with T. Rowe Price
since 2001 and joined the Americas Institutional Client Service
team in 2007. In 2017, he moved into his current role as the firm's
first senior relationship manager dedicated to the sales and
service of insurance general account mandates. Since that time, T.
Rowe Price's insurance business has
experienced strong growth across multiple asset classes. He has
also served as relationship manager for Retirement Plan Services
and has worked in the firm's Fixed Income and Multi-Asset
divisions. A team of relationship managers will report to
Riley.
"Many of our insurance clients are looking for a partner with
scale who has the ability to provide customized fixed income
solutions," said Riley. "We've been doing this successfully for
several years. T. Rowe Price's focus
on fundamental, proprietary credit research, coupled with our
extensive equity research platform, provides a holistic view of the
credits in which we invest. This is critically important for
insurance mandates, which tend to be lower in turnover and
sensitive to impairments. When you combine the resources of T.
Rowe Price with our service-oriented
culture, and the quality of our credit research platform, it makes
us an ideal partner for insurance clients."
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 U.S. $1.63
trillion in assets under management as of September 30, 2024. About two-thirds of the
assets under management are retirement-related. News and other
updates can be found on Facebook,
Instagram, LinkedIn, X, YouTube,
and troweprice.com/newsroom.
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SOURCE T. Rowe Price Group
