Invoice McNabb, the previous chief govt of US fund administration large Vanguard, has joined the board of UK wealth administration enterprise Tilney Smith & Williamson as a non-executive director.
McNabb was CEO of the low-cost asset supervisor between 2008 and 2017. He was employed by Jack Bogle, Vanguard’s founder, who interviewed and supplied McNabb his first job on the firm in 1986.
McNabb continued as chair of the Pennsylvania-headquartered agency till his retirement in 2018. Throughout his time on the helm, Vanguard launched its UK enterprise and world property underneath administration grew nearly five-fold to $5.3tn.
Since departing Vanguard, McNabb has taken on non-executive roles at IBM and UnitedHealth Group, in addition to world authorized companies agency Axiom.
READ An audience with Vanguard CEO Bill McNabb: ‘Even Jack brought up the beard’
The appointment of McNabb comes following the merger between Tilney Group and Smith & Williamson, which accomplished in September 2020. The group is answerable for greater than £50bn of consumer property and ranks because the UK’s third largest wealth supervisor by revenues.
Will Samuel, chair of Tilney Smith & Williamson, stated: “Invoice McNabb has an excellent observe file as a worldwide heavyweight within the funding administration trade and he’s a widely known champion of excellent governance.”
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