T. Rowe Price Group Chief Executive James A.C. Kennedy told shareholders at the Baltimore money manager's annual meeting Wednesday that 2010 is shaping up to be a less volatile year in financial markets than the last two.

"There's still plenty of uncertainty, but there's a lot more stability in the marketplace," he said. He also noted that research firm Lipper named T. Rowe the best large mutual fund manager in an award ceremony last month.