Global fund manager T. Rowe Price has appointed former Fannie Mae executive Kimberley Johnson as chief operating officer (COO).
Based in Maryland, she will report to chief executive Rob Sharps and will also serve on the firm’s management committee.
Johnson replaces Celine Dufetel, who stepped down from her role as COO and CFO in July 2021 to take up the CFO position at UK payments startup Checkout.com.
For the last eight months, head of global distribution Robert Higginbotham had been acting as interim COO.
Johnson was most recently COO and executive vice president at US mortgage bank Fannie Mae where she worked for 16 years and was also chief risk officer. While there, she led the bank’s digital transformation plan, a four year, enterprise-wide modernisation plan.
In her new role, Johnson will lead various teams at T. Rowe Price including the global technology, global investment operations, global client account services, enterprise change, real estate and workplace services, enterprise risk and the regional operating teams.
"Operations and technology are essential to enabling our strategic priorities," said Sharps. "I am confident that with her deep experience and strategic vision, Kimberly will quickly become an integral part of our leadership team."