T. Rowe Price Promotes Eric Veiel to Head of Global Investments

T. Rowe Price announced it will promote Eric Veiel to head of global investments, effective January 1. He will report to CEO and President Rob Sharps, who previously held the role.

Veiel, currently CIO and head of global equity, has been with the $1.3 trillion asset manager for more than 18 years, having joined the company in 2005 as an equity analyst. He was subsequently promoted to portfolio manager, director of equity research, head of U.S. equity and co-head of global equity. He was promoted to his current position in January 2022.

Veiel is also chair of T. Rowe Price’s Investment Management Steering Committee and a member of the firm’s management committee, as well as the equity, international, multi-asset and product steering committees and the management compensation and development committee.

“This expanded role for Eric is well deserved and recognizes his strong leadership as the head of global equity, as well as his many prior years as one of our top investors,” Sharps said in a statement. “Additionally, Eric is well respected for his focus on diversity, equity, and inclusion and for the global perspective he brings both to investments and to decisions regarding the strategic direction of the firm.”

T. Rowe Price also announced that Arif Husain and Sébastien Page will report to Veiel when he officially assumes his new role. Husain is a CIO and was named head of fixed income following Andy McCormick’s retirement. Page is a CIO and head of global multi-asset. Head of U.S. Equity Josh Nelson and Justin Thomson, a CIO and head of international equity, will continue to report to Veiel.

“Reestablishing the head of global investments role will allow me to dedicate more time to the firm’s corporate strategy, our business units, and external relationships,” Sharps said. “We are confident that this new management structure positions us to continue to focus on producing superior long-term investment results for our clients while also sharpening our attention on operating effectively and executing on the firm’s corporate strategy.”