Tim Buckley, Vanguard CEO and chairman, will step down by the end of the year, ending a 33-year career at the firm.
He joined Vanguard in 1991 as founder John Bogle’s research assistant. Buckley became a member of Vanguard’s senior leadership team in 2001 as head of Vanguard’s information technology division. He led the personal investor division and then served as CIO. He was named CEO in 2018 and appointed chairman in 2019.
Vanguard’s board of directors has initiated a comprehensive process to select a new CEO, evaluating both internal and external candidates.
Vanguard also named Greg Davis, CIO, to the additional role of president. In his expanded role as both president and CIO, Davis will be responsible for all aspects of the firm’s investment management, retirement business and services for financial adviser clients, overseeing the majority of Vanguard’s fund and ETF distribution.
Davis was first appointed CIO and global head of Vanguard