US mutual fund manager T Rowe Price last night named equities chief James Kennedy to be its new president and chief executive after it emerged that George Roche is to retire.

The Baltimore-based firm said Roche, 64, will retire as chairman and president during the fourth quarter of 2006. Kennedy joined the firm in 1978.

Jason Corcoran

T.Rowe Price

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Kennedy named head of T Rowe Price

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