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.

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