Vanguard Investments Australia has appointed Ian Alcock as its new chief executive after it was announced Jeremy Duffield will take on a new role as international planning and development director for Vanguard.
Ian Alcock has been in charge of the Australian operations since 2007 when Duffield became Asia-Pacific managing director, although the overall responsibility was still in Duffield's hands.
Duffield will now be responsible for new business growth initiatives, product development and planning for Vanguard globally, excluding the United States.
"I am excited to have the opportunity to broaden the reach of Vanguard globally and continue to build the presence of Vanguard as an investment solution in more countries in Europe, Asia and the Americas (ex-US)," Duffield said.
Duffield joined The Vanguard Group in the US in 1980 and set up the Australian operations in 1996.
"Jeremy put indexing on the map in Australia by establishing Vanguard's Australian business in 1996. He leaves Vanguard in a leading position with over $66 billion in funds under management, an excellent, dedicated staff base and sound future prospects for our business," Alcock said.
Duffield retains his role as board chairman of Vanguard Investments Australia.
