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Vanguard CEO Tim Buckley to become Chairman in 2019

01 November 2018 | Markets and Economy

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On 1 January 2019, Vanguard President and CEO Tim Buckley will assume the role as Chairman of Vanguard. Succeeding Bill McNabb, Mr. Buckley will serve as the fourth Chairman in the firm’s 43-year history.

"Tim has been a strong, focused leader at Vanguard during times of tremendous company growth, as well as periods of significant market uncertainty," said Mr. McNabb. “The Board of Directors and I have tremendous confidence in his ability to lead Vanguard through this next chapter for the firm."

Mr. Buckley assumed the CEO position in January 2018, after serving in a number of senior management roles, including as the firm’s Chief Investment Officer from 2013 to 2017, head of Vanguard’s Retail Investor Group from 2006 to 2012, and Chief Information Officer from 2001 to 2006. Elected as a principal in 1998, Mr. Buckley joined Vanguard in 1991 as assistant to then-CEO John C. Bogle.

Vanguard would like to thank Bill for his distinguished leadership and dedication to our company, our clients, and our crew.

Mr. McNabb joined Vanguard in June 1986. He was named CEO in August 2008 and was elected Chairman in December 2009. Long active in the investment management industry, Mr. McNabb served as Chairman and Vice-Chairman of the Investment Company Institute, and was previously a member of its board of governors.

Said Mr. Buckley, "Bill’s legacy is keeping our clients at the center of everything that we do and supporting the development of our crew. Vanguard delivered unrivaled value under his leadership. He leaves our firm deep in talent and ready to give our clients the best chance of investment success."

Investment risk information:

The value of investments, and the income from them, may fall or rise and investors may get back less than they invested. Past performance is not a reliable indicator of future results.

Other important information:

This document is designed for use by, and is directed only at persons resident in the UK.

The material contained in this document is not to be regarded as an offer to buy or sell or the solicitation of any offer to buy or sell securities in any jurisdiction where such an offer or solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so.

The information in this article does not constitute legal, tax, or investment advice. You must not, therefore, rely on the content of this article when making any investment decisions.

The opinions expressed in this article are those of individual authors and may not be representative of Vanguard Asset Management, Limited. Vanguard Asset Management, Limited only gives information on products and services and does not give investment advice based on individual circumstances. If you have any questions related to your investment decision or the suitability or appropriateness for you of any investment, please contact your financial adviser.

Issued by Vanguard Asset Management, Limited which is authorised and regulated in the UK by the Financial Conduct Authority.

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