T Rowe Hires Fidelity Exec

T Rowe Price Group has appointed Scott David as head of third-party distribution.

T Rowe Price Group has appointed Scott David as head of third-party distribution, Pensions & Investments reports. In his new role, he will work under Edward Bernard, vice chairman of the firm. David has succeeded John Cammack, who stepped down from his role in Sept. 2009. Most recently, David was serving as president of workplace investing at Fidelity Investments until 2010. Kimberly Baker was appointed as director of intermediary relations for T Rowe’s retirement plan services.

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