We know that the capabilities, judgment, and efforts of our associates have a direct impact on the long-term success and confidence of our clients. Our thoughtful and measured approach to attracting, developing, and retaining our people recognizes that relationship and seeks to strengthen and expand our capabilities around the world.
As T. Rowe Price continues to broaden its capabilities and expand its business globally, we work to enhance the skills and knowledge of the people who serve our clients and represent our organization in every interaction.
Whether designing programs that instill effective leadership skills, encouraging development of our people, or building connections with key academic institutions, our focus on talent supports one fundamental belief: Our people and the insights they offer create value for our clients and distinguish our firm. Our commitment to associates also includes creating long-term career opportunities that encourage retention. For example, the average tenure across our portfolio managers now exceeds more than 15 years.
We strive to bring diversity to all aspects of our collaborative culture, whether in gender, racial and ethnic background, sexual orientation, professional and personal experience, or unique insights and approach. "Each individual's perspective is important to the conversation and helps us better understand and reflect the points of view of our global client base," explains Angela Roseboro, head of Diversity and Inclusion.
As we expand our global footprint with locations across the globe, we take time and care in the recruiting process to ensure that potential associates not only have a clear picture of their role, but also recognize how our culture, values, and focus on continuous improvement drive success. Firm representatives and recruits alike broaden their perspective through the process and gain deeper understanding of each other's aspirations, priorities, and work style. Colleagues from across the firm regularly participate in recruiting to introduce potential associates to a broad cross section of the firm and expand their own viewpoints and knowledge base.
Experience has shown that as we bring talented and diverse associates together and allow them to engage in spirited debate, it leads to superior decisions and results for our clients. "A spirit of collaboration is an important and defining element of how we work. It's what enables us to bring a firmwide set of values, judgments, and perspectives to each and every client relationship," says Brian Berghuis, portfolio manager, Mid-Cap Growth Strategy.