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Rating:T. Rowe's HQ Reopens Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 29, 2015

T. Rowe's HQ Reopens

Reported by Neil Anderson, Managing Editor

T. Rowe Price's [profile] Baltimore headquarters reopened today, though not everyone's back at HQ yet.

On Monday afternoon T. Rowe, Legg Mason [profile], and other employers in downtown Baltimore closed down their offices as protests and riots engulfed the city. T. Rowe kept its HQ closed yesterday, with employees working from home or other offices so that the firm stayed open for business. Today some of those employees went back to HQ.

Brian Lewbart, a spokesman for T. Rowe, emailed MFWire a statement this morning:

With the safety of our associates remaining top of mind, and based on information shared by local officials, we reopened our offices today. As a precaution, we have asked some associates to continue working from our business continuity site to ensure uninterrupted operations. We are pleased that our business continuity procedures have worked as designed over the past few days, and that there has been no disruption in investments or client service. We will continue to monitor conditions and keep our associates updated as needed.

1,262 employees are based in T. Rowe's downtown Baltimore headquarters.

Legg spokeswoman Mary Athridge confirms that its headquarters remained open today. Legg did open its headquarters yesterday, while encouraging employees who could do so to work from home.

Downtown Balitmore is home to at least three other mutual fund shops: Brown Advisory [profile], Croft-Leominster [profile], and D. F. Dent and Company [profile]. A spokeswoman for Brown declined to comment for this story, and MFWire could not reach Kent Croft of Croft-Leominster or D. F. Dent president Matt Dent for comment. 

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