Hugh McGuirk Promoted to Head T. Rowe's $10 Billion Muni Department

Fine, Jacob
February 2005
Bond Buyer;2/25/2005, Vol. 351 Issue 32078, p6
Trade Publication
The article reports that T. Rowe Price Associates Inc. has announced that it had promoted Hugh McGuirk to head the Baltimore-based mutual fund complex's $ 10 billion municipal bond department. McGuirk succeeds Mary Miller, who was named director of the firm's fixed-income division in late April 2004 and who had continued to oversee the municipal group on an interim basis. The department oversees management of municipal bonds in 20 mutual funds and 25 separate client accounts. McGuirk joined T. Rowe Price 11 years ago as a trader, and has since been taking on increasing levels of responsibility for portfolio management, according to the firm. He currently manages about $2 billion in municipal assets in three mutual funds, several separate accounts, and the firm's Tax Efficient Balanced Fund, which invests at least 50% of its assets in tax-exempt securities and puts the rest in common stocks.


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