T. Rowe Price Appoints Three Retirement Leaders and Attracts $25M Share Purchase
T. Rowe Price expanded its retirement leadership team with three appointments—Jessica Sclafani as head of Retirement Strategist, Richard Parkin as UK Retirement head, and Scott Keller with added global strategy oversight—following Michael Davis’s planned retirement after 34 years. Meanwhile, Achmea purchased 246,301 shares valued at $25.28 million.
1. Expansion of Retirement Leadership Team
T. Rowe Price has bolstered its retirement capabilities by adding Jessica Sclafani as head of the Retirement Strategist team, appointing Richard Parkin to lead UK Retirement, and extending Scott Keller’s oversight to global retirement strategy execution. These moves follow Michael Davis’s planned retirement after a 34-year career and aim to enhance research-driven product development—including target date funds, personalized accounts, behavioral insights, and fiduciary excellence—to improve client retirement outcomes.
2. Achmea Investment Management Acquires New Stake
Achmea Investment Management established a new position of 246,301 T. Rowe Price shares, representing a $25.28 million investment during the most recent quarter. This initial stake signals institutional confidence in T. Rowe Price’s retirement and asset management franchise ahead of further strategic initiatives.