T. ROWE PRICE ANNOUNCES STRATEGIC PROMOTIONS IN CANADA
T. Rowe Price announced the promotions of Lauren Bloom to Head of Canada and Samantha Cleyn to Head of Institutional for Canada, effective July 6, 2022. Bloom will lead the distribution strategy, reporting to Chris Newman, while Cleyn expands her responsibilities nationwide. Since 2018, Bloom has significantly grown the firm’s Canadian distribution, managing over $22.9 billion CAD as of May 31, 2022. Cleyn, previously Head of Eastern Canada, has over 15 years of experience with institutional clients. These changes follow a strategic review after Bruce Winch's retirement on March 1, 2022.
- Lauren Bloom's promotion indicates strong leadership experience, likely enhancing T. Rowe Price’s market positioning in Canada.
- T. Rowe Price manages over $22.9 billion CAD, showcasing substantial assets under management in the Canadian market.
- None.
Lauren Bloom Promoted to Head of Canada; Samantha Cleyn Promoted to Head of Institutional for Canada
BALTIMORE, July 6, 2022 /PRNewswire/ -- T. Rowe Price announced that Lauren Bloom has been named head of Canada. Bloom is responsible for leading and executing T. Rowe Price's distribution business strategy in Canada. In her new role, she will report to Chris Newman, head of Americas distribution for the firm.
Bloom was previously head of intermediary and defined contribution, Canada. Since joining T. Rowe Price in 2018, she has helped grow and diversify distribution of the firm's investment strategies through Canadian intermediary partners. In her new position, Bloom will focus on leveraging T. Rowe Price's global investment platform to best serve consultants, financial intermediaries, and institutional clients throughout Canada. Prior to her tenure at T. Rowe Price, Bloom spent 10 years in various roles with CI Institutional Asset Management. Her last position was vice president, strategic alliances, where she was responsible for institutional business development and client service for banks, insurance company platforms, pension plans, consultants, and multi-family offices.
"T. Rowe Price is committed to growing its business in Canada," said Newman. "Lauren brings many years of experience and is well positioned to take on the role of head of Canada. Under her leadership, continued attention will be given to providing clients with the full depth and breadth of T. Rowe Price's investment expertise, which encompasses strategies across every sector and region of the global financial markets – equities, fixed income, and alternative securities markets, as well as multi-asset, and specialty strategies."
"I am honored to take on this new role as we continue to grow and bring T. Rowe Price's investment capabilities to the Canadian market," said Bloom. "Since opening our Canadian office in 2007, we have been fortunate to partner with large Canadian institutional and intermediary clients from coast to coast. Today we manage over
Samantha Cleyn has been promoted to head of institutional for Canada. In this role she is responsible for developing and executing a business plan for serving institutional clients. Cleyn was previously head of Eastern Canada for T. Rowe Price's Americas division; this new position expands her responsibilities to the entire country. Throughout her 15-year career, Cleyn has worked exclusively with institutional investment clients and brings longstanding business relationships to her new role. Prior to joining T. Rowe Price in 2020, she was a senior investment consultant at Mercer in Montreal. Cleyn will report to Bloom.
These promotions follow a strategic business and organizational review following the retirement of Bruce Winch, previously head of Canada for T. Rowe Price, who retired from the firm on March 1, 2022. The team comprises seven people focused on serving the Canadian market; its office is in the TD North Tower in Toronto.
"In this highly relationship-driven business, our team has demonstrated their dedication to supporting distribution efforts across consultants, intermediaries, and institutional clients. They are committed to improving customer experience and engagement by pairing our global platform with a local presence," said Newman. "T. Rowe Price greatly values its client relationships in Canada, and Lauren and Sam's promotions highlight our continued commitment to client success."
1 As of May 31, 2022
Founded in 1937, Baltimore-based T. Rowe Price (NASDAQ-GS: TROW), is a global investment management organization with
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SOURCE T. Rowe Price Group, Inc.
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