Vanguard boss Bill McNabb to be replaced by investment chief Tim Buckley

Paterniano Del Favero
Luglio 14, 2017

Tim Buckley, chief investment officer of Vanguard, has been named as McNabb's successor and will take charge on 1 January 2018.

Bill McNabb, CEO of Vanguard, is stepping down from his role at the passive giant after serving as its chief executive for nine years, the firm has announced.

Buckley has been with the firm since 1991 when he joined as an assistant to the chairman at the time, John Bogle. McNabb, who joined Vanguard in 1986, will remain as chairman of the board.

Buckley has worked in Vanguard's senior leadership team since 2001 and has been in his current position since 2013.

The Malvern-based company received a lot of attention in 2016, when it managed to collect a record $323 billion past year, according to Bloomberg, as investors embraced its signature low-priced index funds. He'll focus on expanding Vanguard's profile overseas, attracting more money to a relatively-new financial-advisory service, and improving customer service as the company continues to rapidly grow. Greg Davis, 46, global head of Vanguard's fixed income unit will assume the chief investment officer position. "I look forward to continuing to work closely with Bill over the next six months as I transition to my new role".

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