T. Rowe Price Group’s head of global distribution and global product Robert Higginbotham is to retire at the end of the year.
He has served 11 years with the firm and 33 years in the industry.
Higginbotham also serves as chief executive and chair of T. Rowe Price International, as a member of the firm’s management committee and its subcommittees focused on strategy, compensation, and development.
He will be succeeded by management committee member Dee Sawyer. From 1 January 2024, Sawyer will be named the new head of global distribution, leading the teams responsible for sales, marketing, and client service globally across all distribution channels and will assume Higginbotham’s responsibilities on the firm’s subcommittees.
Scott Keller, head of Americas, APAC, and EMEA distribution, will serve as the new CEO and chair of T. Rowe Price International, and will report to Sawyer, while continuing in his current role.
The global product organisation will report to Jen Dardis, the firm’s chief financial officer.
CEO and president Rob Sharps said: “Robert has been an inspiring leader within our firm. His vision and dedication to client service, coupled with his advocacy for diversity and inclusion, will leave an indelible mark for years to come,”
“Dee is exceedingly well suited for this role. I am confident that she will be a strong and impactful leader of our global distribution business.”
