Long-tenured Vanguard investment leader John Hollyer to retire


Just after 32 several years with the business, Vanguard today announced that John Hollyer, principal and world-wide head of Vanguard Fastened Money Team, will retire at the stop of June 2021. Sara Devereux, who now serves as world-wide head of rates, will do well Mr. Hollyer at the helm of the set revenue group.

“Throughout far more than three decades of distinguished company, John has embodied the Vanguard mission of serving to push much better results for traders,” claimed Vanguard Chief Investment decision Officer Greg Davis. “He has continuously lifted the bar by championing an investment decision tradition of innovation, excellence, and self-discipline. As a thoughtful steward of expertise, John has amplified the globe-course legacy of Vanguard Fastened Money Team, developing out our energetic management abilities and cultivating and retaining proficient leaders, these types of as his expert and capable successor, Sara Devereux.”

Mr. Hollyer joined Vanguard in 1989 and was named world-wide head of set revenue in 2017. In the course of his tenure, he served as a set revenue and income sector portfolio manager and, prior to his recent job, led the Investment decision Threat Administration Team and developed that into a world-wide organization now composed of far more than eighty gurus. As a tenured Vanguard investment decision leader, he has served on the firm’s Worldwide Investment decision Committee since 2017, and now chairs the senior investment decision technique group for Vanguard’s actively managed set revenue portfolios.

Sara Devereux to direct world-wide set revenue group

Ms. Devereux brings far more than twenty several years in investment decision knowledge to her new job. She was named Vanguard’s world-wide head of rates in 2019, when she joined the business from Goldman Sachs, the place she invested two decades specializing in mortgage loan-backed securities and structured merchandise. Ms. Devereux has a B.S. in arithmetic from the College of North Carolina at Chapel Hill and an M.B.A. from The Wharton School of the College of Pennsylvania.

Overseeing far more than $2. trillion in belongings, Vanguard Fastened Money Team is 1 of the premier bond investment decision supervisors in the globe. The group oversees far more than 115 energetic and index bond resources across a selection of maturities in the taxable and tax-exempt markets, as perfectly as the firm’s income sector lineup. As a result of a philosophy of “smart-risk” using, put together with the deep specialization and collaborative tradition of its 185-person world-wide group, the Fastened Money Team aims to supply exceptional risk-adjusted returns to Vanguard consumers.

All figures as of March 31, 2021 unless of course stated otherwise.

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