American investment management firm Vanguard Group has named Tim Buckley as its new CEO, replacing Bill McNabb who served nine years in the role.

Buckley, currently the firm’s CIO, will assume the new responsibility on 1 January 2018.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Before taking up the role of CIO in 2013, Buckley also held several other roles at the firm including chief information officer and head of the firm’s information technology division and head of the firm’s retail investor group.

McNabb, who joined the firm in 1986, will continue to serve as chairman of the board.

Meanwhile, Greg Davis, currently the firm’s global head of fixed income, will succeed Buckley as CIO.

“As the firm continues to grow, evolve and expand globally, it is the right time for a new leader and the board is unanimous in its belief that Tim is the ideal next chief executive for Vanguard,” McNabb stated.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.