Andrew “Andy” McCormick, the head of T. Rowe Price Group Inc.’s global fixed income division, will retire at the end of 2023 after 15 years with the company. McCormick, who is one of T. Rowe’s (NASDAQ: TROW) chief investment officers, also serves as chair of T. Rowe’s fixed income steering committee. McCormick will be succeeded by Arif Husain, who is also a chief investment officer. Husain will take over McCormick’s position effective Jan. 1, 2024. At that time, Husain will also be named to T. Rowe’s management committee and will assume leadership of the fixed income steering committee.
