T. Rowe Price is hiring 50 people to get closer to advisors. October 15, 2026 T. Rowe Price is adding more than 50 client-facing positions and has hired two senior executives as it expands its presence in the wealth management market. The $1.86 trillion asset manager is increasing coverage of broker/dealers and RIAs while building specialist teams around alternative investments, ETFs and model portfolios, a substantial commitment to reaching advisors through more than its traditional investment products. Kevin Collins, head of U.S. Intermediaries, says the firm has built momentum in wealth management but sees considerably more opportunity ahead. The expansion will put additional people in the field while strengthening the research, portfolio construction and investment capabilities available to advisory firms. T. Rowe Price isn't simply hiring more salespeople to distribute existing funds. It's building a larger organization around the increasingly complicated ways advisors assemble portfolios. The two executive appointments reflect that ambition. Kevin Johnson joins as head of wealth research after more than 30 years in the industry, most recently overseeing platform distribution at Allspring Global Investments. Ryan Bauer becomes head of RIA enterprise national accounts, bringing more than 15 years of experience, including 12 years in the asset management businesses of Deutsche Bank and DWS Group. Both report to Annie Brown, co-head of wealth management within U.S. Intermediaries. Johnson will work with manager research and model teams, while Bauer will concentrate on relationships with the largest and most complex RIAs. Those assignments put T. Rowe Price closer to the people and institutions deciding which investment strategies become available across entire advisory organizations, rather than relying exclusively on individual advisors choosing funds for individual clients. That distinction matters as the distribution business changes. Large RIAs increasingly operate centralized investment committees, model portfolios and research functions that influence allocations across thousands of client accounts. Winning a place in those systems requires a different relationship from the traditional wholesaler's visit, with more attention to portfolio construction, implementation and the operational requirements of enterprise-scale advice. T. Rowe Price is responding with a broader investment menu as well. The firm is emphasizing tax-optimized drawdown strategies, customizable model portfolios, separately managed accounts, ETFs and alternatives. Each gives it another way to participate in portfolios where the investment decision may be shaped as much by taxes, household circumstances and implementation requirements as by a manager's investment record. The expansion also follows a period in which T. Rowe Price has been extending its capabilities beyond the mutual funds that established its reputation. In August, the firm announced a move into additional fixed-income ETF capabilities through its acquisition of F/m Investments, while its portfolio construction research has documented growing use of alternatives and active ETFs in advisor models. The new distribution hires give those expanding capabilities a larger route into the wealth channel. There is a competitive calculation underneath the investment. Asset managers increasingly need to demonstrate that they can help advisory firms solve problems extending beyond security selection. A strong investment strategy may earn consideration, but tax management, portfolio customization, research support and the ability to implement solutions across a large practice can determine whether that strategy ultimately receives assets. The enterprise RIA business makes those stakes particularly clear. A relationship with a large advisory organization can influence allocations across many offices and investment teams, but earning that relationship requires sustained engagement with sophisticated buyers who have their own research capabilities and considerable negotiating power. Bauer's appointment gives T. Rowe Price a senior executive specifically responsible for pursuing those relationships. Collins is betting that a larger field organization, supported by specialists and research, can turn the firm's investment capabilities into a more substantial wealth management business. The more than 50 new positions represent an investment in people at a moment when much of the industry's attention is concentrated on technology and automation. T. Rowe Price has spent decades building investment expertise that advisors can buy. Its latest expansion recognizes that increasingly sophisticated advisory firms also want help deciding how, where and when to use it.

Krishna Prasad Chigurupati, promoter of Hyderabad-based Granules India, sold nearly 7% of his stake in the pharmaceutical company on Friday, raising over ₹1,500 crore. The transaction involved 1.72 crore shares sold through 22 block deals and open-market transactions at ₹872.50 per share, representing a 3% discount to the previous closing price. The deal attracted participation from nearly two dozen investors, including Capital Group, Kotak Mahindra Life Insurance Company, ChrysCapital, and Allspring. Smallcap World Fund Ind acquired the largest chunk, purchasing 34.7 lakh shares for ₹303 crore. Granules India stated the funds will support the second tranche of its ongoing preferential issue and next phase of growth initiatives. Following the sale, promoter group shareholding declined to 31% from 38%. The deal carries a 180-day lock-in period.

Allspring Global Investments has appointed Tomomi Shige as representative in Japan and senior sales director for its Tokyo office. Shige will lead distribution efforts with Japanese institutional and wholesale clients, reporting to Ludger Peters, head of Strategic Institutional Relationships for the International Client Group. Shige brings nearly 30 years of industry experience, including 16 years in investment management and 14 years in client-facing roles at leading global asset management firms. He joins from Coalition Greenwich, where he served as head of investment management for Japan. Allspring manages US$624 billion in assets under management and advisement. The firm operates offices in Tokyo, Hong Kong, and Singapore as part of its Asia Pacific strategy to serve institutional and wholesale clients globally.