Former Morgan Stanley Diversity Leader joins T Rowe Price as Global Head of D&I

T Rowe Price has announced that Raymone Jackson joins the firm as Global Head of Diversity and Inclusion (D&I) this month.

Jackson was the former diversity leader at both Morgan Stanley and Northwestern Mutual. At T Rowe Price, he will be responsible for the firm’s global D&I strategy, overseeing current D&I programmess and envisioning new strategies to help improve the attraction, development and retention of diverse associates.

In leading these efforts, 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 programmes. These will build on – and accelerate – the progress the firm has made over the past several years, confirmed the company.

DIVERSE TALENT

“While we have made real progress over the last decade on our diversity journey, we know we have much further to go,” stated Bill Stromberg, President and CEO of T Rowe Price. “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.”

Adding to his comments, Michelle Swanenburg, Head of Human Resources at T Rowe Price, stated: “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 programmes. 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.”

DIVERSITY PROGRESS

Jackson joins T Rowe Price from Morgan Stanley, where he served as National Diversity Officer for the wealth management businesses. At Morgan Stanley, Jackson developed and executed a comprehensive D&I strategy that spanned 600 offices and 20,000 employees – and delivered a year-on-year increase in diverse representation. Prior to Morgan Stanley, he spent 17 years with Northwestern Mutual, where he served as Director of Diversity and Inclusion and Campus Development.

Commenting on the appointment, Jackson stated: “I’m a passionate believer in the critical role that D&I plays in facilitating a culture of inclusion and belonging, advancing an organisation’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.”