# T. Rowe Price International Ltd

> T. Rowe Price International Ltd is an SEC-registered investment advisory firm in London, United Kingdom, registered since 2003, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 1, 2026.

- CRD: 126032
- Filed as: T. ROWE PRICE INTERNATIONAL LTD
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: London, United Kingdom
- Filing period: October 2026
- Form ADV filing dated: July 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/126032
- AdvisorCensus page: https://advisorcensus.com/firm/t-rowe-price-international-ltd-london-126032

## Quick answers

**How is T. Rowe Price International Ltd compensated?**
On its Form ADV (Item 5.E, October 2026), T. Rowe Price International Ltd reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is T. Rowe Price International Ltd located?**
T. Rowe Price International Ltd's principal office is in London, United Kingdom, according to its Form ADV; the August 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is T. Rowe Price International Ltd registered with the SEC or a state?**
T. Rowe Price International Ltd is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 126032.

**How much does T. Rowe Price International Ltd manage?**
T. Rowe Price International Ltd reports $277,193,572,327 in regulatory assets under management in its Form ADV filing dated July 1, 2026 (100% discretionary).

**How have T. Rowe Price International Ltd's assets and staff changed since 2021?**
In the Form ADV data for T. Rowe Price International Ltd: Regulatory assets under management: $217,243,813,790 in the October 2021 data and $277,193,572,327 in the October 2026 data, up 28%. Total employees: 565 in October 2021 and 781 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does T. Rowe Price International Ltd serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (132); investment companies (45); pension and profit sharing plans (but not the plan participants or government pension plans) (18).

**Which custodians does T. Rowe Price International Ltd use?**
T. Rowe Price International Ltd's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists HSBC Hong Kong, State Street Bank and Trust Company and The Bank of New York Mellon as custodians holding 10% or more of its separately managed account assets.

**Does T. Rowe Price International Ltd report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/126032

**What changed in T. Rowe Price International Ltd's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 183 to 179. Regulatory assets under management went from $248,961,322,154 to $277,193,572,327 (+11%). Changed its office addresses in Dubai.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- HSBC Hong Kong
- State Street Bank and Trust Company
- The Bank of New York Mellon

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $277,193,572,327
- Discretionary: $277,193,572,327
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | Fewer than 5 | $73,066,503 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 45 | $130,547,127,485 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 132 | $124,058,754,171 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 18 | $2,323,813,755 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 10 | $2,434,537,673 |
| Other investment advisers | Fewer than 5 | $95,736,574 |
| Insurance companies | Fewer than 5 | $135,756,146 |
| Sovereign wealth funds and foreign official institutions | 7 | $15,261,859,019 |
| Corporations or other businesses not listed above | 6 | $560,159,501 |
| Other | 5 | $1,702,761,500 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2003 (23 years)
- Employees: 781 total, 179 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MD
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Dubai
- Washington, DC

### Websites listed on Form ADV (Item 1.I)
- deliveringusequities.com
- emuntold.com
- troweprice.com
- LinkedIn @t-rowe-price-uk

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $217,243,813,790 | 565 | September 1, 2021 |
| October 2022 | $236,022,131,524 | 686 | May 13, 2022 |
| October 2023 | $184,011,461,748 | 714 | August 28, 2023 |
| October 2024 | $234,114,817,415 | 750 | August 26, 2024 |
| October 2025 | $248,961,322,154 | 794 | March 31, 2025 |
| October 2026 | $277,193,572,327 | 781 | July 1, 2026 |

Regulatory assets under management: $217,243,813,790 in the October 2021 data and $277,193,572,327 in the October 2026 data, up 28%.
Total employees: 565 in October 2021 and 781 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 183 to 179.
- Regulatory assets under management went from $248,961,322,154 to $277,193,572,327 (+11%).
- Changed its office addresses in Dubai.

### March 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. T. Rowe Price International Ltd (CRD 126032): Form ADV filing data as of October 2026.