BALTIMORE, Aug. 25, 2016 /PRNewswire/ -- T. Rowe Price announced that it has hired Lorie Latham, CFA, and Michael Davis into newly created positions in its institutional Defined Contribution Investment Only (DCIO) business in the United States.  These hires are aligned with the firm's strategic intent to extend its breadth and leadership in this important segment of the retirement marketplace.

Ms. Latham is a senior defined contribution strategist.  In this role, she will consult with key institutional relationships on a range of strategy and policy matters and serve as a subject matter expert and thought leader on large-market defined contribution issues.  Ms. Latham comes to T. Rowe Price from Towers Watson Investment Services (TWIS) in Chicago.  At TWIS, she served as director and defined contribution strategy leader, providing investment consulting services to defined contribution plans; she also led the Defined Contribution Steering Committee responsible for the firm's strategy and thought leadership.  Prior to Towers Watson, Ms. Latham was a vice president with Ibbotson Associates and led the plan sponsor consulting practice and the portfolio construction team for managed accounts.  Previously, she was a senior portfolio manager at J.P. Morgan.  Ms. Latham holds a bachelor's degree from Wright State University and the Chartered Financial Analyst designation from the CFA Institute.

Mr. Davis is the head of defined contribution plan specialists for T. Rowe Price's institutional business.  In this role, he leads the team responsible for expanding the firm's reach and strategic engagement capabilities in the U.S. institutional DCIO marketplace.  Most recently, Mr. Davis served as director of institutional client relations at Calvert Investments.  Previously, he was senior vice president and head of the stable value business for Prudential Financial.  Mr. Davis also served as deputy assistant secretary for an agency of the U.S. Department of Labor responsible for overseeing U.S. private sector retirement and health benefit plans.  There he was directly involved with the administration, management, and policy initiatives of the agency.  Mr. Davis began his career at J.P. Morgan, where he held various senior positions over 17 years.  He holds a bachelor's degree from the University of Texas and a master's in public policy from Harvard University.

Ms. Latham and Mr. Davis report to Keith Lewis, head of Global Investment Services, Americas for T. Rowe Price.  They will be based in Baltimore.

T. Rowe Price Global Investment Services offers investment management services to institutional investors and financial intermediaries around the world.

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"The DCIO market is a meaningful and important business for T. Rowe Price," said Mr. Lewis.  "Lorie and Michael are key, senior-level additions to our team and will help enhance the services we provide to our institutional clients in the U.S.  Our clients will benefit from the experience and expertise they bring to these new roles."

ABOUT T. ROWE PRICE

Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. is a global investment management organization with $776.6 billion in assets under management as of June 30, 2016. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries.  The organization also offers a variety of sophisticated investment planning and guidance tools.  T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.  For more information, visit troweprice.com or our Twitter, YouTube, LinkedIn, and Facebook sites.

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