Cynthia Egan, head of retirement plan services at T. Rowe Price, is retiring on December 31.

As a result, the firm has formed U.S. Investment Services, which will include the existing retirement plan services unit, U.S. third party distribution, and retail direct channels, as a new division headed by Scott David, reporting to Edward Bernard, vice chairman of T. Rowe. Reporting to David will be Kevin Collins and Aimee DeCamillo, who will expand their leadership responsibilities to co-lead the RPS channel.

Before joining T. Rowe Price in 2011, David served Fidelity Investments in several senior leadership roles, most recently as president of Fidelity Institutional Retirement Services. Prior to his seven-year tenure at Fidelity, he was president of U.S. Retirement Services for Deutsche Asset Management/Scudder Investments.

Collins, who will oversee sales and client service, joined T. Rowe Price in 1994. DeCamillo, who heads RPS product and marketing, was head of personal retirement solutions for Merrill Lynch Wealth Management prior to joining T. Rowe in 2010.