Asset management firm T. Rowe Price has opened a new Technology Development Center in New York as part of its ongoing technology transformation strategy.
Complementing its existing development centers in London and Baltimore, the firm’s New York location will focus on machine learning, advanced analytics, and digital technologies to optimize its technology-driven trading and client experience.
Jordan Vinarub will head up the New York Technology Development Center after joining T. Rowe Price in February this year, as well as taking on responsibility for delivering software solutions for various business groups in conjunction with the firm's existing global teams.
“As the firm continues to evolve, with a focus on continuing to meet the needs of our clients, we are investing heavily in technology and putting a strong emphasis on innovation,” said Nigel Faulkner, CTO at T. Rowe Price. “The New York Technology Development Center is one of many strategic moves we are making as we embark on a bold and exciting technology strategy. New York City has a high concentration of the skills we need and provides access to deep pools of financial services technical professionals and native digital talent.”
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