Vanguard CEO McNabb to Step Down

  • Firm more than tripled its managed assets with McNabb at top
  • Greg Davis will succeed Buckley as chief investment officer

Vanguard Group Chief Executive Officer F. William McNabb will step down at the end of the year and cede his role to Tim Buckley, a two-decade veteran of the world’s second-largest money manager who serves as investment chief.

McNabb, 60, who became CEO in 2008, will remain chairman, the company said Thursday in a statement. Buckley, 48, will become president immediately and take the CEO role on Jan. 1. Greg Davis, 46, Vanguard’s global head of fixed income, replaces Buckley as chief investment officer…

Vanguard CEO McNabb to Step Down

Categories : Finance

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