Technovation with Peter High (CIO, CTO, CDO, CXO Interviews) Balancing Innovation and Risk: AI Leadership at T. Rowe Price
Oct 27, 2025
Ramon Richards, Chief Technology Officer at T. Rowe Price, drives innovation in AI while managing risks. He discusses strategies for scaling AI responsibly, including the creation of AI Labs and launching "ChatTRP" for organization-wide access. Ramon emphasizes the importance of data readiness and cloud architecture for generative AI. He also highlights the need for upskilling talent in AI literacy and change management, and explores future trends like agentic AI, all while ensuring a culture of trust and productivity in AI implementations.
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Modernization Is The AI Foundation
- Modernization is foundational for enabling future AI capabilities and faster delivery.
- Ramon prioritized retiring legacy systems, simplifying tools, and maturing scaled agile practices.
Built An AI Labs Center Of Excellence
- Ramon described creating an AI Labs center of excellence two years ago to pilot generative AI across the firm.
- They partnered with risk, legal, and data teams to run pilots and build guardrails for responsible scaling.
Embed Risk Controls Early
- Work closely with risk, legal, and data privacy to embed guardrails before scaling AI.
- Scale responsibly by validating controls and avoiding premature, unchecked deployments.
