T. Rowe Price Appoints Steven Krichbaum as New Head of TRPIM Effective 2027
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2026
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Source: PRnewswire
- Leadership Transition: T. Rowe Price announced that Steph Jackson will retire at the end of 2026, with Steven Krichbaum succeeding him as head of TRPIM on January 1, 2027, ensuring continuity and stability in leadership.
- Experienced Successor: Krichbaum, who joined the firm in 2006, brings nearly two decades of investment and leadership experience, having held several key positions and played a significant role in the establishment of TRPIM, which is expected to drive the company's future investment strategies.
- Community Engagement: During his tenure, Jackson actively promoted the T. Rowe Price Foundation's Moonshot initiative, strengthening the firm's ties with local entrepreneurs and social enterprises in Baltimore, thereby enhancing the company's image of social responsibility.
- Investment Management Strength: As of December 31, 2025, T. Rowe Price managed $1.78 trillion in client assets, with about two-thirds being retirement-related, showcasing the firm's robust capabilities and influence in the global asset management sector.
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Analyst Views on TROW
Wall Street analysts forecast TROW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TROW is 113.83 USD with a low forecast of 102.00 USD and a high forecast of 128.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
0 Buy
4 Hold
3 Sell
Moderate Sell
Current: 104.820
Low
102.00
Averages
113.83
High
128.00
Current: 104.820
Low
102.00
Averages
113.83
High
128.00
About TROW
T. Rowe Price Group, Inc. is a financial services holding company that provides global investment advisory services to investors. It provides a range of investment solutions across equity, fixed income, multi-asset, and alternative capabilities for clients from individuals to advisors to institutions to retirement plan sponsors. It also provides certain investment advisory clients with related administrative services, including distribution, mutual fund transfer agent, accounting, and shareholder services; participant recordkeeping and transfer agent services for defined contribution retirement plans; brokerage; trust services, and non-discretionary advisory services through model delivery. It distributes its array of active investment solutions through a diverse set of distribution channels and vehicles. These vehicles include an array of U.S. mutual funds, collective investment trusts, exchange-traded funds, subadvised funds, separately managed accounts, and other sponsored products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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