T. Rowe Price Names Industry Veteran Robert Higginbotham to Head Global Institutional Services
BALTIMORE (September 12, 2012) – T. Rowe Price Group, Inc. has named Robert Higginbotham as head of global institutional services. In this role he will lead the firm's business development and relationship management activities serving institutions globally and financial intermediaries outside of the United States. Mr. Higginbotham will start on October 1, 2012; he will be based in London and will maintain an office in Baltimore.
Previously, Mr. Higginbotham served Fidelity Worldwide Investment in several senior leadership roles, most recently as CEO for the Europe, Middle East & Africa (EMEA) and Latin America regions. In this position he had broad oversight responsibility for the asset management business, including client relations activities as well as the global operations and technology platforms. Prior to joining Fidelity Worldwide Investment, he served in a variety of leadership roles at Schroder Investment Management, including global head of product and global marketing director. Mr. Higginbotham is a board member of Investment Management Association and Vice Chair of Forum for European Asset Management.
"We are pleased to welcome Robert and believe that his extensive experience in client and consultant relations and business and product development will be great assets to our clients and our firm," said Edward C. Bernard, vice chairman of T. Rowe Price Group. "Robert's successful leadership record and deep industry knowledge, along with a shared conviction for putting client interests first, will strengthen our global institutional distribution efforts and empower our associates to continue serving our clients at the highest level."
“I look forward to working alongside the talented individuals on T. Rowe Price's global institutional services team around the world and building on their significant achievements in supporting the needs of clients and seeking opportunities to grow the firm’s business thoughtfully over time,” said Mr. Higginbotham.
Mr. Higginbotham succeeds Todd Ruppert, who retired from T. Rowe Price in June 2012 after a 27-year career with the firm.
Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. (www.troweprice.com) is a global investment management organization with $541.7 billion in assets under management as of June 30, 2012. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.