Martha King and Chris McIsaac have been appointed managing directors of
Vanguard, reporting directly to Vanguard Chairman and CEO Bill McNabb.
Martha King was named managing director of the Financial Advisor
Services division, which provides products, services, and education to
more than 1,000 financial advisor firms. Vanguard’s Financial Advisor
Services began in 2002 with $85.4 billion in assets under management.
Under Ms. King’s direction, the group has grown to more than $520
billion in assets and now stands as its own business division at
Vanguard. Ms. King began her Vanguard career in 1985. Before joining
Financial Advisor Services, she oversaw the firm’s Institutional
investment only business, headed Vanguard's Arizona operation, and led
Vanguard’s Institutional sales team's efforts in the western and central
regions of the United States. Ms. King, who resides in Malvern,
Pennsylvania, earned a B.S. from Bloomsburg University of Pennsylvania
and completed the Advanced Management Program at the Wharton School of
the University of Pennsylvania.
“Over the past decade, Vanguard’s Financial Advisor Services group has
expanded to represent a quarter of Vanguard’s assets. This
organizational change recognizes the importance of this growing business
segment and Martha’s leadership within it,” said Mr. McNabb.
Chris McIsaac is managing director of the Institutional Investor
Group, serving employers offering company-sponsored retirement plans,
and institutions such as endowments and foundations. Mr. McIsaac has
held a number of leadership roles across Vanguard during his tenure,
including heading Vanguard’s Institutional Asset Management group and
Vanguard’s Portfolio Review department, which oversees Vanguard’s 29
external advisors. Mr. McIsaac began his career at Vanguard in 1997,
working in Corporate Strategy, and has since served in a number of
leadership positions in the firm’s Institutional and Retail divisions,
including 18 months in Vanguard’s Arizona office. Originally from
Alberta, Canada, Mr. McIsaac now resides in Newtown Square, PA. He
earned a B.S. from St. Joseph's University and an M.B.A. from Harvard
Business School.
“The institutional business is very important to Vanguard and as we
continue to evolve to best deliver our products and services, Chris's
understanding of the needs of our clients and the environment in which
they operate will bring a critical perspective to our senior leadership
team,” said Mr. McNabb.
Ms. King and Mr. McIsaac join the 11-member team responsible for leading
Vanguard and its operations. The other members of the firm’s senior
staff are:
F. William McNabb III, chairman of the board, president, and
Chief Executive Officer.
Mortimer J. Buckley, managing director of the Retail Investor
Group.
Kathleen C. Gubanich, managing director of Human Resources.
Paul Heller, managing director of Vanguard’s Information
Technology division and Chief Information Officer.
Michael S. Miller, managing director of Planning and Development.
James M. Norris, managing director of Vanguard International.
Glenn Reed, managing director of Strategy and Finance.
George U. Sauter, managing director and Chief Investment Officer.
Heidi Stam, managing director of Legal, general counsel, and
corporate secretary.
Vanguard’s board of directors approved the appointments of Ms. King and
Mr. McIsaac in December 2011.
About Vanguard
Vanguard, headquartered in Valley Forge, Pennsylvania, is one of the
world’s largest investment management companies and a leading provider
of company-sponsored retirement plan services. Vanguard manages more
than $1.65 trillion in U.S. mutual fund assets. Vanguard offers more
than 170 funds to U.S. investors and more than 70 additional funds in
non-U.S. markets.
Asset figures as of December 31, 2011, unless otherwise noted.
Mutual funds are subject to risks, including possible loss of principal.
For more information about Vanguard funds, visit www.vanguard.com,
or call 800-662-7447, to obtain a prospectus. Investment objectives,
risks, charges, expenses, and other important information about a fund
are contained in the prospectus; read and consider it carefully before
investing.
Vanguard Marketing Corporation, Distributor.
Copyright Business Wire 2012
