Edward Cage Bernard — Vice Chairman of the Board and Vice President at T. Rowe Price Group

Mr. Edward Cage Bernard, also known as Ed, has been a Vice President since 1989, Vice Chairman of the Board since January 1, 2007 and Director since 1999 at T. Rowe Price Group, Inc. Mr. Bernard oversees the firm's marketing, distribution, client service, information technology, and communications activities since 2006. He also serves as the Chief Executive Officer at T. Rowe Price International Ltd and Vice President and Director of T. Rowe Price Associates, Inc. Mr. Bernard previously served as the Head of Distribution and Client Service at T. Rowe Price Group, Inc. Mr. Bernard provides the board with direct access to the person responsible for all of our marketing, distribution, and client service activities, as well as information technology and communications. He also serves as the primary liaison to the Price Funds' Boards. He served as Chairman at T. Rowe Price Global Asset Management Limited. Previously, he served as the Chairman of the Board of Governors of the Investment Company Institute from 2009 to 2011 and serves as its Vice Chairman and member of the Board of Governors. Mr. Bernard has many years of experience in the investment management industry. Mr. Bernard received his B.A. from Brown University and an M.B.A. from New York University.