T. Rowe Price opens technology development center in New York
T. Rowe Price group has launched a technology development center in New York as part of a comprehensive transformation of the firm’s approach to global technology and in support of the firm’s strategic priorities to grow the business.
The center supplements existing global teams and complements additional innovation hubs the firm has recently established in Baltimore and London. The new technology strategy positions the firm’s Global Technology division to make significant contributions with machine learning, advanced analytics and digital technologies.
Temporarily based in the financial district, the new center will move to its permanent location at 233 Park Ave South in Midtown South in the fall. The firm plans to staff the center with a total of 50 to 60 associates, including technical architects, data scientists, quantitative software engineers, and software developers.
Jordan Vinarub joined the firm in February as head of the technology development center. In addition to managing the new center, he will be responsible for delivering software solutions for various business groups in conjunction with the firm’s existing teams around the world.
Vinarub joined T. Rowe Price from Bridgewater Associates, where he held roles in charge of strategic development across the front office in execution management and portfolio generation.
Prior to Bridgewater, he was the head of development at REDI Global Technologies and the director of client facing technology at Liquidnet.