Right after 32 decades with the agency, Vanguard right now declared that John Hollyer, principal and global head of Vanguard Preset Money Team, will retire at the conclusion of June 2021. Sara Devereux, who now serves as global head of fees, will succeed Mr. Hollyer at the helm of the fastened revenue group.
“Throughout extra than 3 a long time of distinguished company, John has embodied the Vanguard mission of helping push better outcomes for investors,” mentioned Vanguard Main Financial commitment Officer Greg Davis. “He has repeatedly lifted the bar by championing an investment tradition of innovation, excellence, and discipline. As a considerate steward of talent, John has amplified the globe-class legacy of Vanguard Preset Money Team, setting up out our active management capabilities and cultivating and retaining proficient leaders, this kind of as his professional and able successor, Sara Devereux.”
Mr. Hollyer joined Vanguard in 1989 and was named global head of fastened revenue in 2017. Throughout his tenure, he served as a fastened revenue and money current market portfolio manager and, prior to his latest job, led the Financial commitment Chance Administration Team and created that into a global corporation now composed of extra than eighty experts. As a tenured Vanguard investment leader, he has served on the firm’s Worldwide Financial commitment Committee considering the fact that 2017, and now chairs the senior investment approach group for Vanguard’s actively managed fastened revenue portfolios.
Sara Devereux to direct global fastened revenue group
Ms. Devereux provides extra than twenty decades in investment practical experience to her new job. She was named Vanguard’s global head of fees in 2019, when she joined the agency from Goldman Sachs, where she expended two a long time specializing in mortgage loan-backed securities and structured products and solutions. Ms. Devereux has a B.S. in arithmetic from the University of North Carolina at Chapel Hill and an M.B.A. from The Wharton University of the University of Pennsylvania.
Overseeing extra than $two. trillion in belongings, Vanguard Preset Money Team is just one of the greatest bond investment professionals in the globe. The group oversees extra than 115 active and index bond cash throughout a variety of maturities in the taxable and tax-exempt markets, as effectively as the firm’s money current market lineup. By a philosophy of “smart-risk” using, merged with the deep specialization and collaborative tradition of its 185-human being global group, the Preset Money Team aims to supply top-quality possibility-modified returns to Vanguard customers.
All figures as of March 31, 2021 unless of course mentioned in any other case.
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“Extended-tenured Vanguard investment leader John Hollyer to retire”,