Vanguard names new chief executive
Vanguard chief executive Bill McNabb is stepping down after nine years at the helm and will be succeeded by chief investment officer Tim Buckley.
McNabb joined Vanguard in 1986 and became a member of Vanguard’s senior leadership team in 1995 as head of Vanguard’s institutional investor group. He was named chief executive in 2008.
Janus Henderson shakes up multi asset post merger
Janus Henderson Investors has hired Dean Cheeseman to join its multi-asset team, which manages £5.1bn, as fund manager Chris Forgan departs.
Forgan, who ran multi asset funds for over 13 years, will join Fidelity International as co-portfolio manager of the multi asset team in September.
Mark Wharrier exits BlackRock
BlackRock has announced that Mark Wharrier, co-manager on the £411m BlackRock UK Income fund, will be leaving the US giant asset manager after six years to join Troy Asset Management.
While fund selectors warn investors should not be alarmed at the departure, Morningstar has downgraded the fund on Wharrier’s departure.
More changes at Neptune US Opportunities
Robin Milway is exiting Neptune Investment Management after 10 months at the firm, representing the third manager change to the US Opportunities fund in 18 months.
Milway joined from EFG in September, but will “pursue other opportunities”, Neptune said in a statement.
Aberdeen creates new Luxembourg role
Aberdeen Asset Management has appointed Steen Foldberg as to head its “crucial” cross-border business in Luxembourg.
Foldberg joins from Julius Baer, where he says he worked closely with Aberdeen, and also becomes managing director of Aberdeen Global Services in his new role.
Pioneer’s former CEO joins BNP Paribas Asset Management
BNP Paribas Asset Management has created a new global sales head role appointing Sandro Pierri, a former chief executive with Pioneer Investments.
As global head of client group based in London, Pierri will report to chief executive Frédéric Janbon.