Vanguard has appointed Jon Cleborne (pictured) to succeed Sean Hagerty as head of Europe.
Cleborne currently heads up the firm’s Personal Investor advice service in the US.
He joined the firm in 2003 and has held various leadership roles, including serving as the global head of portfolio review.
Chris McIsaac, managing director and head of Vanguard’s international business, said: “We are thrilled that Jon is taking the reins in Europe. A 20-year Vanguard veteran, Jon’s wealth of experience and global perspective will be instrumental to our focus on serving financial intermediaries and individual investors at a time of significant momentum for Vanguard in Europe.”
Hagerty will continue in the role until June, before relocating back to the US. He took up the role in London in 2016.
He said: “Leading our European business has been a tremendous privilege. We have worked hard to earn the trust of our clients and demonstrate that investing doesn’t need to be costly or complicated. There’s still more that can and should be done across the industry, and I know Jon will continue to lead the charge to help investors achieve better outcomes.”
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