Vanguard makes key appointments
Vanguard has elected Tim Buckley, the company’s chief investment officer (CIO), as new president and director, with further plans for him to succeed Bill McNabb as chief executive on 1 January, 2018.
McNabb, who has served as Vanguard’s CEO since 2008, would remain as chairman of the board.
At the same time, global head of Vanguard’s fixed income group, Greg Davis would assume the position of CIO.
Buckley, who first joined Vanguard in 1991 and was elected as principal of the firm in 1998, has been a member of Vanguard’s senior leadership team since 2001 and has served as CIO since 2013.
He also held senior leadership roles including chief information officer and head of Vanguard’s Information Technology Division from 2001 to 2006 and head of Vanguard’s retail investor group from 2006 to 2012.
“As the firm continues to grow, evolve and expand globally, it is the right time for a new leader and the board is unanimous in its belief that Tim Buckley is the ideal next chief executive for Vanguard,” McNabb said.
“I have worked alongside Tim for many years and he brings a strong passion for serving Vanguard clients and crew, a global mindset, and significant leadership experience in all facets of our operations.”
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