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Vanguard’s Tim Buckley to Succeed Bill McNabb as CEO

Greg Davis, head of Fixed Income, named chief investment officer.

Vanguard announced that chief investment officer Tim Buckley will succeed Bill McNabb as CEO on Jan. 1, 2018. Today the firm's board elected Buckley, 48, as president and director of The Vanguard Group. McNabb, 60, will remain as chairman of the board.

Greg Davis, global head of Vanguard's Fixed Income Group, replaces Buckley as CIO. John Hollyer, who has led Vanguard's Risk Management Group since 2003, replaces Davis as the head of fixed income.