T. Rowe Price Group Inc. / TROW
About T. Rowe Price Group Inc.
100 East Pratt St., Baltimore, Md. 21202
www.troweprice.com
| 410-345-2000
| Founded: 1937
Industry: Financial Services | Category: Top Companies Headquartered in Maryland
T. Rowe Price managed a record $269.5 billion for investors last year, consisting of $170.2 billion in U.S. mutual funds and $99.3 billion in other investment portfolios.
In March of this year, George A. Roche, the company's chairman and president, announced that he plans to retire in the fourth quarter after 38 years at T. Rowe Price. Roche, 64, started with the company as a natural resources analyst working with company founder Thomas Rowe Price Jr. He's been chairman and president since 1997 and a board director since 1980.
The board plans to elect James A.C. Kennedy, the current director of equities, as president and chief executive upon Roche's retirement. It also expects to tap Brian C. Rogers, 50, as chairman and Edward C. Bernard, 50, as vice chairman. Bernard replaces James S. Riepe, who retired last year.
Rogers will continue to serve as chief investment officer and manager of the T. Rowe Price Equity Income Fund and large-cap value portfolios for institutional clients.
CEO and president: James A.C. Kennedy
2005 Financial Data
Revenues: $1,515,815,000 | Net Income: $430,929,000Asssets: $2,310,546,000 | Earnings Per Share: $3.15
Stockholder Equity: $2,036,102,000 | Annual Dividend: $0.97
Total employees: 4,357 | Local employees: 6
Did You Know
T. Rowe Price Group is a holding company that manages a broad range of stock, bond, money market mutual funds and other investment portfolios for individual and institutional investors through its subsidiaries. Clients outside the United States made up 5 percent of the company's assets under management last year.
