Vanguard announces new Chief Investment Officer for Asia-Pacific region
Vanguard | 08 November 2012
Vanguard announced today that Mr. Gregory (Greg) Davis, principal and head of bond indexing in Vanguard's Fixed Income Group, will assume the Chief Investment Officer role for the Asia Pacific region in 2013.
Mr. Davis, who has held a number of different investment roles during his 13-year career with Vanguard, currently has responsibility for managing in excess of US$240 billion in bond index portfolios. He will relocate to Vanguard's Australian head office in Melbourne where he will take over the regional CIO role from Mr. Joe Brennan, who is returning to a senior role in the investment team at Vanguard's Pennsylvania headquarters.
Mr. Davis will lead Vanguard Australia's experienced team of 45 investment professionals responsible for managing a wide range of equity and fixed income portfolios for both Australian and Asian investors.
The announcement is being made now to allow for a smooth transition and planned handover in line with Vanguard's global management approach. It is expected the transition will be completed during the first half of 2013.
Vanguard's incoming global Chief Investment Officer Tim Buckley said:
"Greg has considerable experience in managing more than 25 bond index fund portfolios and 14 ETFs. He will continue to ensure Vanguard's offerings to investors are low cost, transparent, true to label, and uphold our tradition of portfolio management excellence. "
"Joe has demonstrated great leadership through the extraordinary market volatility of the global financial crisis. We are extremely grateful for his many contributions to Vanguard's Australian business and look forward to working with him on his return to our U.S. headquarters. "
The Managing Director of Vanguard Australia, Mr. John James, thanked Joe for both his management of the investment team during a period of greater global integration and his contribution to the wider business as a member of the Australian executive team and a director of Vanguard Australia.
Mr. Davis joined Vanguard in 1999 from Merrill Lynch. He is a member of the CFA Society of Philadelphia and serves on the board of trustees for Philadelphia Futures, a non-profit dedicated to serving economically disadvantaged students with programs and resources to succeed in college.
Mr. Davis earned a B.S. in insurance from The Pennsylvania State University and an M.B.A. in finance from The Wharton School of the University of Pennsylvania.