Vanguard announces changes to international leadership team
Vanguard | 11 March 2015
John James, Managing Director of Vanguard Australia and Colin Kelton, principal of Vanguard's Retail Marketing & Communications group in the United States have been named to new roles on the leadership team of Vanguard's International group, reporting directly to James M. Norris, Managing Director, Vanguard International.
Mr. James will transition from his current position to the role of Managing Director of Vanguard Europe, assuming responsibility for management, distribution, and operations of Vanguard's U.K. and European businesses. Mr. James joined Vanguard at its U.S. headquarters in 2008 as Head of Broker-Dealer Sales and Distribution, and then moved to the International division and was the global business lead for the group's strategic review of The Vanguard Group's non U.S. business and distribution efforts. In 2010, Mr. James returned to Australia to lead Vanguard's Australian operation.
Prior to joining Vanguard, Mr. James was the CEO of Australian Football League team Port Adelaide for four years. In addition, he brings more than 15 years of executive leadership experience with prominent Australian financial services companies. He was a senior leader at MLC, the wealth management division of the National Australia Bank, where he was involved in retail distribution, institutional strategy, corporate superannuation and scaled advice. He serves as a director of the Financial Services Council, holds an MBA from the University of Adelaide and has completed the Advanced Management Program at the Wharton School of the University of Pennsylvania.
Mr. Norris comments: "We are very pleased to retain John on Vanguard's international leadership team. He is a tenured professional in the investment management industry who will bring his experiences from the U.S. and Australia to benefit our European business and our clients."
Mr. James will replace Thomas M. Rampulla, who after seven years of leading Vanguard's operations in the United Kingdom and Europe, will return to the U.S. to head Vanguard's Financial Advisor Services division by mid-year. Mr. Rampulla will join Vanguard's senior executive team and report directly to Vanguard CEO Bill McNabb.
Mr. Kelton will assume the position of Managing Director-Vanguard Australia, with responsibility for all aspects of management, distribution, and operations of Vanguard's Australian business.
As head of Vanguard's US Retail Marketing & Communications group, Mr. Kelton leads efforts in prospect and client marketing and communications; web design and architecture; and social media for the Retail Investor Group. Vanguard's largest division, the Retail Investor Group has $1.26 trillion in assets and serves more than six million clients.
Mr. Kelton started with Vanguard in 1990 as a service associate and has held various positions of increasing responsibility in Vanguard's Retail Services groups. Mr. Kelton graduated from Penn State University with a degree in economics. He earned an MBA from Drexel University and is a graduate of Harvard Business School's Advanced Management Program.
Said Mr. Norris: "Colin is a Vanguard veteran who possess a vast amount of knowledge and understanding of Vanguard's highly successful U.S. operations. He will be a valuable addition to our international leadership team and help to lead the next chapter of our growth and success serving the needs of Australian investors."