T. Rowe Price adds 75 workers


T. Rowe Price Associates Inc., a Baltimore investment firm, has hired 75 employees to work at its newly opened Investor Center in Owings Mills.

Price, a Baltimore-based investment firm, expects to hire about 100 additional people by year's to work in its other operations in Owings Mills, according to Steven E. Norwitz, vice president.

The company, which operates a family of no-load mutual funds and serves as an investment adviser to institutional and individual clients, currently employs 1,200.

Its new walk-in center assists shareholders in making transactions in their T. Rowe Price mutual fund accounts, opening new accounts or obtaining investment information.

The center is located on the first floor of the T. Rowe Price Financial Center, a three-story building that opened last November on the Owings Mills Corporate Campus, adjoining the McDonogh School grounds.

Financial Center employees also provide services for shareholder fund transaction activity and shareholders' retirement plans. The transaction activities, which were previously handled for Price by Boston's State Street Bank, are being phased in this year, according to Norwitz.

About 500 of the firm's employees are now based in Owings Mills, with the remainder at the firm's headquarters in the Inner Harbor on Pratt Street. The new center is intended to provide shareholders with a suburban alternative to that location.

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