Vanguard Australia makes changes to investment team



Vanguard Investments Australia has announced a number of changes to its investment management team, with current head of investments for the Asia Pacific region, Rodney Comegys being relocated to the company’s US headquarters.
His role would be filled by Daniel Reyes, current head of advised portfolio solutions within Vanguard’s investment strategy group in the US, and the transition was expected to close by September and October.
Reyes first joined Vanguard in 2004 and held a number of roles across the company’s institutional advisory services, the fixed income portfolio management group, human resources, and the retail division.
In his new role, he would also lead the Investment Strategy Group (ISG) for the region.
On the other hand, Comegys would also be expected to return to a senior role with Vanguard’s Investment Management Group however the details would be announced closer to his return to the US.
Vanguard has also appointed Jeffrey Johnson, who currently leads the regional ISG team, as its new head of fixed income. Johnson would be in charge of 13 portfolio management professionals that together oversee over $28 billion in bond and cash portfolios.
He would also replace Stephen Howard, the current head of fixed income, who decided to leave Vanguard to pursue other opportunities.
Recommended for you
Infrastructure assets are well-positioned to hedge against global uncertainty and can enhance the diversification of traditional portfolios with their evergreen characteristics, an investment chief believes.
Volatility in US markets means currency is becoming a critical decision factor in Australian investors’ ETF selection this year.
Clime Investment Management is overhauling the selection process for its APLs, with managing director Michael Baragwanath describing the threat of a product failure affecting clients as “pure nightmare fuel”.
Global X will expand its ETF range of exchange-traded funds next month with a low-cost Australian equity product as it chases ambitions of becoming a top issuer of ETFs in Australia.