Douglas “Doug” Spratley is head of the Cash Management team and a portfolio manager of the money market strategies in the Fixed Income Division. He is the president and chairman of the Investment Advisory Committees for the Reserve Investment, Tax-Exempt Money, and Cash Reserves Funds and the Government Money Portfolio; an executive vice president of the Fixed Income Series, U.S. Treasury, Institutional Income, and State Tax-Free Funds; a vice president of the Short-Term Bond Funds; and the Investment Advisory Committee chairman of the U.S. Treasury Money and Maryland Tax-Free Money Funds. He also is a member of the Investment Advisory Committee for the Ultra Short-Term Bond Fund. Doug is the head of the Money Market Policy Committee and a member of the Securities Lending Oversight Committee. He is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., and T. Rowe Price Trust Company.

Doug’s investment experience began in 1996, and he has been with T. Rowe Price since 2008, beginning as a taxable money market trader in Global Trading. After that, he became head of U.S. Fixed Income Trading–Money Markets in 2016. Prior to joining the firm, Doug was employed by Prudential Financial in the areas of trading, portfolio management, and investment analysis. 

Doug earned a B.S. in finance from Lehigh University. Doug also has earned the Chartered Financial Analyst® designation.

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