Vanguard's CIO Buckley to become CEO as McNabb steps down in 2018

McNabb held role for nine years

Laura Dew
clock • 1 min read

The board of the Vanguard Group has announced CIO Tim Buckley will become the firm's fourth CEO since it was founded in 1975, as Bill McNabb steps down as chief executive next year.

McNabb, who joined Vanguard in 1986, has been chief executive since 2008 and will remain as chairman of the board. There will be a six-month transition period with Buckley taking over on 1 January 2018. Buckley has worked as chief investment officer at the firm since 2013, a role that involves responsibility for $3.8trn of assets. As part of the move, Buckley has also been appointed president and director of the firm. Vanguard cuts fees on LifeStrategy funds His CIO role will be assumed by Greg Davis who is currently global head of fixed income. Prior to becoming CIO, Buckley...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on People moves

Trustpilot