Brian C. Rogers, chairman and chief investment officer of T. Rowe Price Group, will retire on March 31, said company spokeswoman Briana Wessell.
Mr. Rogers will continue to serve as a non-executive chair on the board of directors after he retires. He has been CIO since 2004 and with the firm for nearly 35 years.
T. Rowe has named six senior executives to serve as CIOs upon Mr. Rogers' retirement.
Rob Sharps will become group CIO, responsible for coordinating the activities of the team of CIOs. Henry Ellenbogen will take on the role of CIO, U.S. equity growth; David Giroux will be CIO, U.S. equity multidiscipline; John Linehan will become CIO, U.S. equity value; Justin Thomson, CIO, international equity; and Mark Vaselkiv, CIO, fixed income.
The team will share CIO responsibilities.
Messrs. Ellenbogen, Giroux, Linehan, Thomson and Vaselkiv will maintain their current portfolio manager responsibilities.
Mr. Sharps will no longer be portfolio manager of the U.S. large-cap growth equity strategy as of Dec. 31. On Jan. 1, he will become co-head of global equity, partnering with head of international equity Chris Alderson, and will join the firm's management committee.
T. Rowe Price Group had $812.9 billion in assets under management as of Sept. 30.