Vanguard Australia appoints Assistant PM
Vanguard Australia has announced the appointment of Janel Jackson as an assistant portfolio manager in the firm's Melbourne office, effective August 2017.
Jackson relocates to Australia from Vanguard's US headquarters in Pennsylvania where she previously held positions in investment search and oversight for traditional and alternative active mandates, and as chief of staff for Vanguard's global CIO, Tim Buckley, who has been named as successor to current chief executive officer, Bill McNabb, effective January 2018.
Jackson joins Vanguard veteran, Michael Roach, who has also recently relocated from Vanguard's US office to take on the role of head of the quantitative equity group (QEG), Australia.
Jackson and Roach will be supported by the QEG's US-based quantitative research team and a global trading team. They will both service Vanguard's suite of active funds in Australia, and will become a global part of Vanguard's active expertise.
Commenting on the expanded Australian team, Roach said: "Building out our team in Melbourne highlights the critical role that people play in the success of our quantitative active strategies."
"It seems as though we're hearing and reading more and more lately about how so-called robots and automated processes are taking over from people in managing active strategies. Leveraging technology is hugely important to our quantitative systems at Vanguard, but people remain an indispensable part of our process, as is the case with our index funds."
