Published July 13, 2017 4:29pm EDT | Updated July 13, 2017 5:04pm EDT

Vanguard CEO McNabb To Step Down In 2018, CIO Buckley Named As Successor

Vanguard Group said late Thursday that Chief Executive Bill McNabb will step down at the beginning of 2018, and be succeeded by Chief Investment Officer Tim Buckley. McNabb, who has been CEO since 2008, will continue to serve as chairman of the board, Vanguard said. Privately held Vanguard manages about $4.4 trillion in assets worldwide.