Ramon de Castro is a portfolio manager in the Fixed Income Division. He manages and is a member of the Investment Advisory Committee of the GNMA Fund and manages the Mortgage-Backed Securities Multi-Sector Account Portfolio. He also is a member of the Investment Advisory Committees of the Short-Term Bond Fund, Global Multi-Sector Bond Fund, Inflation Protected Bond Fund, Limited Duration Inflation Focused Bond Fund, New Income Fund, Total Return Fund, and the U.S. Treasury Funds, Inc. Ramon also is a sector portfolio manager responsible for the agency and non-agency residential mortgage-backed securities (RMBS) sleeves of various multi-sector fixed income portfolios, and he is a member of the Money Market Credit Policy Committee. Ramon is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.

Ramon has been with T. Rowe Price since 2012, beginning as a credit analyst in the Fixed Income Division covering non-agency RMBS. He also was the Securitized Product Credit Research team leader prior to being named sector portfolio manager for securitized credit. Ramon’s investment experience began in 1994 at Fannie Mae in mortgage asset management. Immediately prior to joining T. Rowe Price, Ramon was employed by Amherst Holdings, LLC, in private-equity fund management.

Ramon earned a B.A. in political economy from Johns Hopkins University and an M.B.A. in finance from the University of Chicago, Booth School of Business.