Vanguard fixed income executive Gregory Davis will become the company's chief investment officer (CIO) for the Asia Pacific region in 2013.
Former principal and head of bond indexing in Vanguard's fixed income team, Davis has been with the company for 13 years and currently manages over US$240 billion in bond index portfolios.
He will take over the CIO role, which is headed from Melbourne, from Joe Brennan, who will return to a senior role in Vanguard's investment team in Pennsylvania.
Davis will lead a team of 45 investment specialists overseeing a range of equity and fixed income portfolios for Australian and Asian investors.
The transition is expected to be completed in the first half of 2013 and aligns with Vanguard's global management approach.
Vanguard's incoming global chief investment officer Tim Buckley said Davis has extensive experience in managing more than 25 bond index fund portfolios and 14 exchange-traded funds.
Buckley said Brennan had showed great leadership through the global financial crisis.
