By Michael Dabaie

T. Rowe Price Group Inc. said it named Kimberly Johnson chief operating officer effective April 29.

Ms. Johnson joins the Baltimore-based asset management firm from Fannie Mae, where she served as executive vice president and COO. Fannie said in a filing last month that she is resigning from her position effective April 25.

Ms. Johnson other roles at Fannie Mae included executive vice president and chief risk officer, senior vice president of multifamily capital markets and credit pricing, and head of multifamily trading, T. Rowe Price said Wednesday.

T. Rowe Price in July 2021 said that Celine Dufetel, who served as COO, chief financial officer and treasurer, was stepping down. The company transitioned the COO responsibilities on an interim basis to Robert Higginbotham, head of global distribution.