Goldman to buy $1bn stake in T Rowe Price
Tie-up marks push to pitch private investments to everyday investors
Tie-up marks push to pitch private investments to everyday investors

Wall St bank and T Rowe Price team up to pitch private investments to everyday investors

Bank’s management committee has swelled to a much larger size than those of its competitors

Talks with private capital firms have focused on operational hurdles for retail customers

Flood of money into evergreen vehicles has meant 7.5% share carved out in fund terms no longer sufficient

CEO David Solomon targets asset management in an effort to reduce group’s reliance on banking and trading

Bank elevates global heads of M&A and risk for investment banking and trading