BALTIMORE – Former Sen. Olympia Snowe of Maine has joined the board of T. Rowe Price Group.

Snowe, a Republican who opted not to run for re-election last year, served for 18 years in the U.S. Senate and 16 years in the U.S. House from Maine’s 2nd District.

Search photos available for purchase: Photo Store →

Snowe, who said she no longer wanted to serve in Congress because of its dysfunctional hyperpartisan atmosphere, is currently running her own policy and communications consulting firm and is a senior fellow at the Bipartisan Policy Center. She also serves on the National Advisory Board for the National Institute for Civil Discourse and is a member of the Campaign to Fix the Debt’s Congressional Fiscal Leadership Council.

T. Rowe Price Group is an investment management firm with more than $600 billion in assets under management.

Snowe “brings a broad range of valuable leadership and public policy experience that will serve the board and the firm well,” Brian C. Rogers, chairman of T. Rowe Price Group, said in a statement.

“A strong believer in bipartisan compromise, she has worked extensively on many complex and important issues relevant to our business, including budget and fiscal responsibility, education, retirement and aging, women’s issues, health care, foreign affairs, and national security.”