Rodney Comegy will relocate from Vanguard’s headquarters in Malvern, Pennsylvania to Melbourne in order take up the role.
Mr Comegy was previously head of index analysis and ETF trading in Vanguard’s Pennsylvania office.
His new role based in Australia will also see him head up Vanguard’s equity investment group, Asia Pacific.
Mr Davis, the previous head of investments Asia Pacific, will be returning to the United States to serve as the global head of Vanguard’s fixed income group.
Vanguard chief investment officer Tim Buckley said the group’s investment management business has undergone a number of changes in recent years.
“Our appointment of [Mr Comegy] reflects our adoption of a global strategy that aligns and integrates our investment functions worldwide,” he said.
“As a result, Vanguard will be better able to leverage its significant resources and deliver the best possible outcomes for investors,” said Mr Buckley.
