Vanguard Taps New Chief

[mahatmakanejeeves]

Mortimer J. "Tim" Buckley is currently Vanguard’s chief investment officer but will become the firm’s CEO in January

Link to tweet

Vanguard CEO Bill McNabb to Step Down
Money manager says investment chief Tim Buckley will take over in January

By Sarah Krouse

http://twitter.com/bysarahkrouse
[e-mail]

Updated July 13, 2017 6:44 p.m. ET

Vanguard Group named a new chief executive who will have to confront a challenge most companies wish they had: intense growth.

Mortimer J. “Tim” Buckley, a onetime assistant to the firm’s founder Jack Bogle, will replace F. William McNabb III in January.

Vanguard, a pioneer of low-cost indexing mutual funds and the world’s second largest asset manager, has pulled in new assets at a record pace in recent years as investors lost faith in more traditional money managers who handpick stocks and bonds.
....

Tom McGinty contributed to this article.

Write to Sarah Krouse at [e-mail]

Appeared in the July 14, 2017, print edition as 'Vanguard Taps New Chief.'

[doc03]

1. I hope he does a good job, a large portion of my IRA is in Vanguard Funds. nt

[dixiegrrrrl]

2. I used them also, until spring of 2008.

Easy to work with, easy to self direct if you have a handle on basic finance.
Was in a Real Estate Invest. fund for some years, had to close it out when the crash began.