VALLEY FORGE, Pa., June 9, 2017 /PRNewswire/ -- Vanguard announced today the retirement of Glenn W. Reed, 64, managing director of the firm's Strategy Division, which is responsible for strategic planning, innovation initiatives, and investment stewardship.
Mr. Reed served Vanguard as outside counsel for more than 20 years before joining the company in 2007 to oversee its Finance division.
"We thank Glenn for more than a decade of service to our clients and crew," said Vanguard CEO Bill McNabb. "His long association with Vanguard and his experience were great assets in guiding the firm through the global financial crisis and the ensuing period of rapid growth and expansion. We wish him the best during his well-earned retirement."
Following Mr. Reed's retirement in late July, his strategy and innovation responsibilities will be assumed by Chris McIsaac, managing director of the Planning and Development division. The Investment Stewardship group will report to Anne Robinson, managing director, Legal and Compliance.
Prior to his Vanguard career, Mr. Reed served as general counsel for a multi-line health and life insurance company. From 1978 to 1999, he was a partner at Gardner Carton & Douglas, a Chicago-based law firm, where he specialized in corporate finance, mergers and acquisitions, and issues related to investment management.
Vanguard is one of the world's largest investment management companies. As of April 30, 2017, Vanguard managed $4.3 trillion in global assets. The firm, headquartered in Valley Forge, Pennsylvania, offers 369 funds to its more than 20 million investors worldwide. For more information, visit vanguard.com.
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