Former US Envoy Richard Verma Joins The T. Rowe Price Board

T. Rowe Price Group Inc., has appointed Richard R. Verma, former US ambassador to India, as an Independent Director, expanding its Board from 11 to 13 members.

Verma currently serves as Chief Administrative Officer at Mastercard and has held several key positions in government and diplomacy, including U.S. Deputy Secretary of State for Management and Resources and Ambassador to India (2014–2017). Earlier, he was Assistant Secretary of State for Legislative Affairs, overseeing the State Department’s relations with Congress. Verma also served as Senior National Security Advisor to the Senate Majority Leader and held roles in the U.S. House of Representatives. A former U.S. Air Force Judge Advocate, he was awarded the Meritorious Service Medal and the Air Force Commendation Medal. His career spans national security, legislative affairs, and international relations.

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