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Vanguard appoints regional CIO
Vanguard fixed income executive, Gregory Davis will step up to take on its chief investment officer role for the Asia Pacific region in 2013.
Former principle and head of bond indexing in Vanguards 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 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.
"He will continue to ensure Vanguard's offerings to investors are low cost, transparent, true to label, and uphold our tradition of portfolio management excellence.
Brennan had showed great leadership through the global financial crisis, Buckley said.
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