T. Rowe Price expands AI leadership across investments and distribution

T. Rowe Price (NASDAQ: TROW) announced leadership changes to support its artificial intelligence strategy, including new dedicated teams within its Investments and Global Distribution divisions, according to a company statement dated Aug. 13, 2026.

Within Investments, the firm is expanding its Investment AI Solutions organization, led by Vinit Agrawal, with focus areas including agentic AI products, education, strategic partnerships, and research. In Global Distribution, a new AI Strategy and Transformation team, led by Sal Dhanani, will set a multiyear AI vision and prioritize use cases aimed at improving client experience and deepening client engagement.

T. Rowe Price Labs, led by Mathieu Lorentz and operating within an AI Engineering organization headed by Chris LePre, will serve as the firm's enterprise AI innovation hub. A separate Enterprise AI, Model, and Technology Risk team, led by Prabhakar Bhogaraju and reporting to Chief Risk Officer Ted Carter, will oversee governance and regulatory readiness.

"These enhancements bring greater focus to the work already underway across Investments, Global Distribution, and Technology, Data, and Operations as we scale AI capabilities responsibly across the firm," said Eric Veiel, president and co-head of Global Investments.

Ramon Richards, global head of Technology, Data, and Operations and chief technology officer, said the firm is "building the enterprise foundation that allows AI strategy to move from ambition to execution."

T. Rowe Price manages $1.87 trillion in client assets as of July 31, 2026.

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