June 18, 2024

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Long-tenured Vanguard investment leader John Hollyer to retire

After 32 years with the agency, Vanguard currently announced that John Hollyer, principal and worldwide head of Vanguard Set Cash flow Group, will retire at the conclude of June 2021. Sara Devereux, who now serves as worldwide head of rates, will succeed Mr. Hollyer at the helm of the set earnings crew.

“Throughout extra than three many years of distinguished support, John has embodied the Vanguard mission of helping drive far better results for investors,” reported Vanguard Main Financial commitment Officer Greg Davis. “He has consistently elevated the bar by championing an financial investment culture of innovation, excellence, and self-control. As a thoughtful steward of expertise, John has amplified the globe-course legacy of Vanguard Set Cash flow Group, setting up out our energetic management abilities and cultivating and retaining proficient leaders, this sort of as his expert and able successor, Sara Devereux.”

Mr. Hollyer joined Vanguard in 1989 and was named worldwide head of set earnings in 2017. Throughout his tenure, he served as a set earnings and cash industry portfolio supervisor and, prior to his latest role, led the Financial commitment Danger Management Group and designed that into a worldwide business now composed of extra than eighty pros. As a tenured Vanguard financial investment leader, he has served on the firm’s World wide Financial commitment Committee since 2017, and now chairs the senior financial investment technique crew for Vanguard’s actively managed set earnings portfolios.

Sara Devereux to guide worldwide set earnings crew

Sara Devereux

Ms. Devereux brings extra than 20 years in financial investment working experience to her new role. She was named Vanguard’s worldwide head of rates in 2019, when she joined the agency from Goldman Sachs, the place she spent two many years specializing in home loan-backed securities and structured goods. 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 College of the College of Pennsylvania.

Overseeing extra than $2. trillion in property, Vanguard Set Cash flow Group is one particular of the premier bond financial investment administrators in the globe. The crew oversees extra than 115 energetic and index bond money throughout a selection of maturities in the taxable and tax-exempt markets, as very well as the firm’s cash industry lineup. By way of a philosophy of “smart-risk” having, blended with the deep specialization and collaborative culture of its 185-particular person worldwide crew, the Set Cash flow Group aims to deliver superior risk-adjusted returns to Vanguard clients.

All figures as of March 31, 2021 except if said if not.

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