Vanguard Investments Australia's chairman and founding managing director Jeremy Duffield will retire at the end of the year, the company has announced.
Duffield said he is leaving at a time when the Australian business is well positioned for growth and has a strong local management team in place under current managing director John James.
"It is the right time to move on with another phase of my life, but I am leaving confident that the Australian business is in great hands," Duffield said.
"There are some exciting growth opportunities ahead as a result of the proposed regulatory changes to our superannuation and financial planning industries."
Duffield established Vanguard Investments Australia in 1996 after working for Vanguard in the United States for 16 years.
The Australian business employs over 200 staff and manages more than $80 billion on behalf of institutional, adviser and individual clients.
Duffield is also currently a director of Plum Financial Services and a member of the Australian Financial Centre Task Force.
