T. Rowe Price Group announced that Raymone Jackson will join the firm in late October as global head of diversity and inclusion.
He will be responsible for the firm’s global diversity and inclusion strategy, overseeing current diversity and inclusion programs and envisioning new strategies to help T. Rowe Price improve the attraction, development, and retention of diverse associates. In leading these efforts, Mr. Jackson will partner closely with the firm’s Management Committee, Black Leadership Council, employee-led business resource groups (which engage female, LGBTQ+, Black, Latinx, Asian, and veteran associates, as well as allies), and other key stakeholders to develop focused, actionable, and sustainable programs, building on—and accelerating—the progress the firm has made over the past several years.
“While we have made real progress over the last decade on our diversity journey, we know we have much further to go. We believe we are at an inflection point in that journey, and Raymone’s track record of success in attracting, developing, advancing, and retaining diverse talent in the financial services industry will accelerate our progress,” said Bill Stromberg, T. Rowe Price President and CEO.
“Attracting and developing diverse talent globally is a business imperative that helps us create greater value for our clients and a better experience for our associates. Raymone is a results-driven leader and proven champion of diversity and inclusion strategies and programs. Our long-standing commitment to create a more diverse and inclusive workplace is more important than ever, and we look forward to benefiting from Raymone’s deep experience,” said Michelle Swanenburg, T. Rowe Price Head of Human Resources.
“I’m a passionate believer in the critical role that D&I plays in facilitating a culture of inclusion and belonging, advancing an organization’s priorities while meeting the needs of its clients, and positively impacting the lives of others. T. Rowe Price is one of the most admired financial firms, and I look forward to working with the Management Committee, other leaders, and the talented professionals on the D&I team to continue the firm’s progress,” said Jackson.
Mr. Jackson will join T. Rowe Price from Morgan Stanley, where he served as national diversity officer for the wealth management businesses. At Morgan Stanley, Mr. Jackson developed and executed a comprehensive diversity and inclusion strategy that spanned 600 offices and 20,000 employees—and delivered a year-over-year increase in diverse representation. Prior to Morgan Stanley, he spent 17 years with Northwestern Mutual, including serving as director of diversity and inclusion and campus development.
Mr. Jackson will be based at the firm’s corporate headquarters in Baltimore.