Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Vanguard hires senior specialist from State Street

Vanguard hires senior specialist from State Street

Vanguard has hired a senior ETF capital markets specialist for Europe from State Street Global Advisors (SSgA). 

Paul Young will report to Thomas Bartolacci, head of ETF capital markets, Europe and will be responsible for supporting the liquidity of the company's products and client care.

He most recently worked as head of ETF capital markets, EMEA at SSgA, which he joined back in 2007. He previously worked at St James's Place and Morgan Stanley Investment Management. 

Vanguard, which manages $5.1 trillion globally (£3.9 trillion), while the European arm has over $175 billion in assets under management. 

Its head of distribution in Europe ex-UK Thomas Merz said: 'Paul’s experience and knowledge will not only help our team ensure clients get the best possible trading experience, but also continue to achieve the lowest possible trading costs, when buying and selling ETFs.'

Earlier this month, Vanguard was chosen over State Street to run a £600 million mandate for LV=. 

John Perks, LV=’s managing director of life pensions, said while State Street was providing good funds for the mandate Vanguard is offering a more ‘competitively priced’ offer.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
2 Comments Play Liam Halligan: the eurozone is about to implode

Liam Halligan: the eurozone is about to implode

The economist and broadcaster told the Citywire Private Office Retreat he believes a potential implosion of the eurozone is the biggest threat markets face today.

1 Comment Play James Anderson: my great fear and hope for the next 10 years

James Anderson: my great fear and hope for the next 10 years

Co-manager of Scottish Mortgage Trust says the financial world has not changed since the banking crisis but predicts the next decade will bring unprecedented upheaval in all areas of the market.

1 Comment Play What wealth managers told clients the day Lehmans went bust

What wealth managers told clients the day Lehmans went bust

We asked wealth managers to go back in time at Citywire North as the 10-year anniversary of the Lehmans collapse approached.

Read More
Your Business: Cover Star Club

Profile: UBS' new UK boss on her plans to win wealth

Profile: UBS' new UK boss on her plans to win wealth

UBS’s wealth arm might be the fourth biggest in the UK, but it still has only 4% of the market share, says incoming boss Eva Lindholm

Wealth Manager on Twitter