Christopher McIsaac was named leader of Vanguard’s institutional investor group, confirmed spokeswoman Linda Wolohan.
Mr. McIsaac, a principal at Vanguard, will oversee the company’s business with retirement plan sponsors, both record-keeping and investment-only relationships, as well as non-profit organizations and corporate treasuries.
He replaces Greg Barton, a 30-year Vanguard veteran who will retire at the end of this year.
Mr. McIsaac will also assume direct responsibility for serving Vanguard’s full-service institutional clients, taking over those duties from Barbara Fallon-Walsh, principal and head of Vanguard’s full-service retirement plans business, who also will retire at the end of 2011, Ms. Wolohan said.
Previously, Mr. McIsaac was head of the company’s portfolio review department. His responsibilities included evaluating the external money managers tapped by Vanguard to subadvise its actively managed mutual fund offerings.
Sean Hagerty, a principal and head of corporate strategy at Vanguard, replaced Mr. McIsaac as head of the portfolio review department, Ms. Wolohan said.