AI English summary of an SEC filing — figures as filed

The company said Justin Thomson will step down as Head of International Equity on December 31, 2024 to take on a new role as head of the T. Rowe Price Investment Institute, and will remain a chief investment officer.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Oct 1, 2024Period of report Oct 1, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

The company said Justin Thomson will step down as Head of International Equity on December 31, 2024 to take on a new role as head of the T. Rowe Price Investment Institute, and will remain a chief investment officer.
T. Rowe Price disclosed that Thomson will also step down from the Management Committee and will cease to be an executive officer of the company on December 31, 2024.
The company said it is establishing the T. Rowe Price Investment Institute to strengthen investment talent development and the delivery of its proprietary investment insights, and that it is scheduled to launch on January 1, 2025.
Thomson is a 26-year veteran who has held his current leadership role since 2020, the company said, and its assets under management were US $1.61 trillion as of August 31, 2024.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Justin Thomson Role Change and Executive Officer Departure

The company said Justin Thomson will step down as Head of International Equity on December 31, 2024 to take on a new role as head of the T. Rowe Price Investment Institute, and will remain a chief investment officer.

Source · Based on the filing body and exhibits

Management Committee Exit and End of Executive Officer Status

T. Rowe Price disclosed that Thomson will also step down from the Management Committee and will cease to be an executive officer of the company on December 31, 2024.

Source · Based on the filing body and exhibits

T. Rowe Price Investment Institute Formation and Launch Timing

The company said it is establishing the T. Rowe Price Investment Institute to strengthen investment talent development and the delivery of its proprietary investment insights, and that it is scheduled to launch on January 1, 2025.

Source · Based on the filing body and exhibits

Thomson Career and Company Assets Under Management

Thomson is a 26-year veteran who has held his current leadership role since 2020, the company said, and its assets under management were US $1.61 trillion as of August 31, 2024.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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