Vanguard CIO Sauter brings curtain down on 25-year career

Vanguard’s managing director and chief investment officer George Sauter has announced his plans to retire from his position after a 25-year career.

Sauter, 57, joined Vanguard as head of the firm’s internal equity management group in October 1987 and was named Vanguard’s first chief investment officer in 2003.

He currently directs Vanguard’s global investment management groups, which oversee aggregate assets of $1.6 trillion (£1.03 trillion) of Vanguard’s $2.1 trillion in global assets.

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.