Vanguard CIO Sauter Steps Down
June 26, 2012
[This article previously appeared on our sister site, IndexUniverse.eu.]
Vanguard's chief investment officer, Gus Sauter, will be retiring at the end of 2012, the firm has announced.
Sauter joined Vanguard in 1987 and has been closely associated with the development of the firm's index and exchange-traded fund business. Vanguard is now the largest manager of U.S. mutual funds, controlling around US$1.8 trillion in assets.
Sauter will be replaced as CIO by Tim Buckley, who most recently worked as head of the firm's retail investor group.
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