T. Rowe Price has made an addition to its Defined Contribution Investment Only team hoping to continue its momentum in the retirement space.
The firm has added Alan Valenca to its roster of regional sales consultants to promote its investment management wares via insurers, banks, and broker/dealers. Valenca previously served as the chief marketing officer of Manchester, NH-based Retirement Alliance, a third-party administrator.
Spokespeople for T. Rowe were not immediately available for comment on the firm’s new hire.
T. Rowe, along with Vanguard Group and Fidelity Investments captured 69% of the more than $13 billion that flowed into target maturity funds last quarter, according to data from Ibbotson Associates.