Vanguard has appointed a new boss for its investment strategy group in Europe as Peter Westaway announces his retirement.
Westaway, who also served as chief economist for Europe, exits at the end of this month after over a decade at the $8.1trn (£6.2trn) passives giant.
His career spans senior economic and research roles at HM Treasury as well as the Bank of England, where he spent five years as the head of its monetary instruments and markets division. Prior to joining Vanguard, he was Nomura’s chief economist for Europe.
Westaway will be replaced by Jumana Saleheen, another Bank of England alumnus, at the start of April. She will be based in London.
Vanguard said Saleheen brings “extensive management and thought leadership experience” to the business, noting her turn as chief economist and head of sustainability at economics consultancy CRU. At the Bank of England she was head of division in the financial stability and international directorates.
The passives giant added that, under his watch, Westaway had built “an extremely strong and talented ISG team in Europe”.
“Vanguard would like to take this opportunity to thank Peter for a decade of service to the company and our clients, and we wish him all the very best in his future endeavours.”
