The Baltimore asset manager is widening its Claude deployment. Portfolio managers and analysts there lean on Claude and Claude Cowork for research, while internal engineering work now runs through Claude Code.
The Baltimore company described the move as the next step in an AI program it has been building for some time. It oversees $1.87T in client assets as of July 31, and roughly two-thirds of that book is retirement money.
Three areas got the roll-out. Research and insights come first: Cowork gathers and condenses complex material, freeing analysts for analysis and debate. Workflow support is second, aimed at multi-step processes that demand consistency and oversight. Technology enablement is third, where Claude Code backs developers maintaining investment and operations tooling.
The governance model dates to August 13. AI leadership was placed inside the Investments and Global Distribution units, with the firm’s Labs group charged with evaluating new tools and scaling the ones that work. Each use case carries a business owner, answers to responsible-use standards, and keeps a human in the decision loop.
Chief investment officer Eric Veiel said the tools let his professionals cover more ground and go deeper where it matters. Technology chief Ramon Richards said the firm started where client value is created and designed the rollout to grow from there under its own controls.
Anthropic’s head of asset and wealth management, Peter Nolan, said the deployment targets the part of the business with the highest accuracy bar. T. Rowe Price noted in the same release that its funds hold a stake in Anthropic.
