Vanguard restructures
Jeremy Duffield
A restructure and expansion has seen Jeremy Duffield take on more responsibility as managing director of Asia/Pacific at Vanguard Investments, while the head of institutional business, Ian Alcock, will also assume the head of Australia role.
The changes will see Duffield taking on more responsibility for Vanguard’s Australian and Asia/Pacific operations, while Alcock will be responsible for the institutional and retail segments.
The restructure will see no change to the roles of Robin Bowerman or head of international Trevor Chudleigh, although chief investment officer Eric Smith will spend more time across Asia/Pacific supporting the region.
The company said the restructure followed substantial growth in Australia and significant opportunities identified in the wider Asia-Pacific region.
It said Melbourne would continue as the regional headquarters for Vanguard’s Asia/Pacific operations.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.