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T. Rowe Price chooses head of mega/large market retirement sales

Lee Stevens was named head of mega and large market retirement sales at T. Rowe Price Group, the company announced Thursday.

It is a new position.

Ms. Stevens, who will join the company March 31, “will lead the firm's efforts to expand its business in this key segment of the U.S. retirement plan marketplace,” said a news release announcing the hiring.

“Lee brings vast experience and expertise in the retirement plan business and, in particular, the mega and large plan market," said Kevin Collins, head of sales for T. Rowe Price Retirement Plan Services, the firm's record-keeping unit, in the release.

Ms. Stevens had been vice president of sales at Great-West Investments, a unit of Great-West Financial.

“A search is underway for her successor, Steve Gawlik, a spokesman for Great-West, wrote in an email. David Musto, Great-West Investments' president, will assume her duties on an interim basis, Mr. Gawlik added.