T. Rowe Names Egan to Run Retirement Unit

Cynthia L. Egan has left her post at Fidelity Investments to become president of T. Rowe Price Retirement Plan Services.
A news release said she will lead the organization’s efforts to provide investment management, recordkeeping, client servicing, participant education, and compliance services to more than 2,900 plans with more than 1.5 million participants. Egan begins her duties May 14, 2007.
Before joining T. Rowe Price, Egan served as executive vice president of Fidelity Investments, where she recently led corporate initiatives to address the firm’s global retirement service practices in addition to recent efforts addressing innovation. In addition, she led the development and launch of Fidelity’s retail and institutional post-retirement products and services, known as Fidelity Retirement Income Advantage, according to the news release.
Before she joined Fidelity, Egan was vice president of large plan defined contribution services for Bankers Trust Company and manager of financial services consulting for KPMG Peat Marwick.
Egan succeeds Charles E. Vieth, who retired in late 2006 following a 24-year career at T. Rowe Price.