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Vanguard CIO Sauter brings curtain down on 25-year career
by Rhea Johnson on Jun 25, 2012 at 10:46
Vanguard’s managing director and chief investment officer George Sauter has announced his plans to retire from his position after a 25-year career.
Upon joining, he assumed responsibility for the equity index management function, where he developed new trading programs and strategies that minimised trading costs and enhanced benchmark tracking precision and was also responsible for developing Vanguard’s active quantitative equity strategies.
Following his appointment as first chief investment officer in 2003, he assumed oversight responsibility for all in-house stock and fixed income management functions.Mortimer Buckley, managing director, will assume the role of chief investment officer upon Sauter’s retirement, effective 31 December 2012.
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