T. Rowe Price Group Inc at Goldman Sachs U.S. Financial Services Conference Transcript

Dec 10, 2019 / 01:30PM GMT
Alexander Blostein - Goldman Sachs Group Inc., Research Division - Lead Capital Markets Analyst

Okay. Great, thanks. Next, I would like to welcome Céline Dufétel, CFO of T. Rowe Price. Over the last few years, T. Rowe has been making significant investments to expand the firm's product and distribution capabilities as the landscape for traditional asset managers continues to evolve. These investments are clearly paying off with T. Rowe still being one of the few traditional managers with positive organic growth over the last couple of years. In addition, the firm continues to be in a very strong balance sheet positions with almost $4 billion in net cash and discretionary investments and no debt. Céline will go through a brief presentation, and then we'll take some questions. Thanks.

Céline Dufétel;CFO - Head of CFO Group & Treasurer,

Good morning, everyone, and thank you for having me today. Before we get started, just as a reminder, this presentation contains forward-looking statements, and I'll just

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