T. ROWE PRICE ANNOUNCES KELLY SHEN AS CHIEF DATA OFFICER

Rhea-AI Summary

T. Rowe Price (NASDAQ: TROW) announces the appointment of Kelly Shen as its new chief data officer, effective March 6, 2023. With over 25 years of experience in data and analytics, Shen previously served as the chief technology and data officer at CPP Investments. She will enhance the company's data capabilities and establish a centralized data team to optimize analytics and reporting. This strategic move aims to leverage data as an asset, aligning with T. Rowe Price's commitment to innovation and client service. The firm manages USD$1.35 trillion in assets as of January 31, 2023.

Positive

• Appointment of Kelly Shen as chief data officer enhances data capabilities.
• Shen brings over 25 years of experience in data and analytics.
• A centralized data team will be established to optimize analytics and reporting.
• Strategic focus on leveraging data as an asset can drive business growth.

Negative

• None.

BALTIMORE, March 6, 2023 /PRNewswire/ -- T. Rowe Price (NASDAQ-GS: TROW), a global investment management firm and a leader in retirement services, is pleased to announce Kelly Shen as its new chief data officer.

"We are excited to work with Kelly to enhance our data capabilities and unlock new business value," said Chief Operating Officer Kimberly Johnson. "She has a proven track record in optimizing the use of data, analytics, and technology to enable business growth and product innovation and will be an incredible resource for the T. Rowe Price team."

As chief data officer, Shen sets and operationalizes T. Rowe Price's strategy to leverage data as an asset. She ensures that the firm delivers timely, accurate, and reliable data to the workforce to enable analytics, reporting, and insights to drive business. Additionally, Shen will be leading the establishment of a centralized data team to serve and facilitate the firm's data needs.

Shen has over 25 years as an experienced data and analytics leader. Most recently, Shen served as senior managing director and chief technology and data officer at CPP Investments, Canada's largest pension plan, where she led technology, data, cybersecurity, and innovation efforts.

Shen earned her M.B.A. from New York University's Leonard N. Stern School of Business and her B.S. from the University of Virginia's McIntire School of Commerce.

ABOUT T. ROWE PRICE 

Founded in 1937, T. Rowe Price (NASDAQ-GS: TROW) helps people around the world achieve their long-term investment goals. As a recognized global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts its clients' interests first. Investors rely on T. Rowe Price for its active management approach and its broad range of equity, fixed income, retirement, alternatives, and multi-asset investment capabilities. T. Rowe Price manages USD$1.35 trillion in assets under management as of January 31, 2023 and serves millions of clients globally. T. Rowe Price can be found on Facebook, Instagram, LinkedIn, Twitter, and YouTube, and troweprice.com/newsroom.

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SOURCE T. Rowe Price Group, Inc.

FAQ

Who is Kelly Shen and what role has she been appointed to at T. Rowe Price?

Kelly Shen has been appointed as the chief data officer at T. Rowe Price.

What is T. Rowe Price's strategy regarding data management?

T. Rowe Price aims to leverage data as an asset to enhance business growth and product innovation.

What is the significance of Kelly Shen's appointment for T. Rowe Price?

Her appointment is expected to enhance T. Rowe Price's data capabilities and support operational efficiency.

How much assets does T. Rowe Price manage?

T. Rowe Price manages USD$1.35 trillion in assets as of January 31, 2023.