- Tim Buckley, Vanguard’s CEO of over 6 years, will retire by end of 2024 after more than 30 years at the firm; he oversaw tremendous growth and improvements in operations and client service as CEO
- Greg Davis, current CIO, has been appointed President in an expanded role overseeing investments, retirement services, advisor services, and advocacy
- As Buckley retires, Vanguard remains committed to its unique investor-owned structure and mission of serving individual investors globally under seasoned leadership
Vanguard recently announced the upcoming retirement of CEO Tim Buckley and the appointment of Greg Davis as President in an expanded role. Buckley will retire by the end of 2024 after more than 30 years at Vanguard, including over six years as CEO. The board has initiated a search for Buckley’s replacement.
Buckley’s Tenure and Accomplishments as CEO
Buckley joined Vanguard in 1991 and held several senior leadership roles before becoming CEO in 2018. Under his leadership, Vanguard experienced tremendous growth, expanding its client base to over 50 million investors globally while assets under management grew to $9 trillion. Buckley oversaw the dramatic expansion of Vanguard’s advice business, the digitization of operations and client experience, and improvements in client service. He successfully led Vanguard through the COVID pandemic.
Appointment of Greg Davis as President
With Buckley’s retirement, Vanguard has appointed Chief Investment Officer Greg Davis as President in an expanded role overseeing investments, retirement, financial advisor services, and advocacy. Davis is a 24-year veteran of Vanguard and has served as CIO since 2017. In his new position, he will ensure investment teams understand client needs and enhance Vanguard’s industry and policymaker engagement.
Vanguard’s Focus on Investors
Vanguard operates under a unique investor-owned structure that focuses on treating investors fairly and giving them the best chance for success. As Buckley retires after decades of service, Vanguard remains committed to its mission of serving individual investors across the globe. Davis’s appointment ensures strong leadership that will build on Vanguard’s record of innovation and outstanding client service.
Conclusion
Vanguard is poised for continued success with seasoned leaders guiding the firm. Buckley leaves a tremendous legacy after growing Vanguard tremendously over his distinguished tenure. The board aims to identify the best new CEO to lead the company into the future. With Davis overseeing investments and operations, Vanguard remains dedicated to its mission of giving clients the best chance for investment success.
