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....
MoneyLens to be edited by former Mail on Sunday journalist Vicki Owen
Latin America and Caribbean at risk
Outcome expected 'no later than September'
Investing in areas that will make up future indices
115% rise in Vix index