Vanguard has announced the appointment of Rachel Baxter as Head of Investment Management for Europe. According to Vanguard, in this role, Rachel will oversee the investment management of the European business, encompassing portfolio management, investment analysis, capital markets, and trading, as well as leading the European fixed income indexing team. Vanguard’s investment management team in Europe is responsible for overseeing approximately $615 billion in assets domiciled in the UK and Europe.
Based in London, Rachel succeeds Geoff Parish, who is returning to the United States as global head of fixed income indexing. Rachel brings extensive experience in portfolio management, having previously held the position of co-head of the US fixed income indexing team, where she assumed senior leadership responsibilities over a broad, multidisciplinary portfolio overseeing more than $1.4 trillion in assets under management across mutual funds, ETFs, and funds of funds.
Prior to that, she was a portfolio manager on Vanguard’s global fixed income indexing team and has held roles in areas such as global fixed income investment strategy, portfolio construction, and European credit analysis. Jon Cleborne, Head of Vanguard Europe, commented: “Vanguard has developed a significant international investment offering, in which Europe and the UK play an increasingly relevant role within our global portfolio management, trading, and analysis capabilities. We see significant opportunities ahead and will continue to invest in the products, expertise, and infrastructure necessary to support strong, sustainable, long-term outcomes for our clients.”
“Rachel is exceptionally well-positioned to lead the next stage of our development in Europe. She brings a rare combination of investment experience, leadership capability, and a deep understanding of our clients’ needs,” Cleborne concluded.
