Vanguard furthers its China ambitions with the appointment of a managing director for its domestic market.
The ETF provider appoints Yan Pu as its China head of investment management group, to build the firm’s team onshore and deliver investment solution to domestic clients.
Pu joined Vanguard in 2004 and was most recently its Asia head of portfolio review where she oversaw product management and development alongside capital markets. The firm highlighted Pu's extensive experience managing fixed income portfolios including index funds tracking the short-term bond, global bond and emerging market government bond market.
Successor
Pu’s former role will be succeeded by Axel Lomholt, who joined the firm in January 2013. He had previously held multiple senior roles with other global asset managers including as a head of products in Europe and Asia, and a global head of indexing. Lomholt will report to Vanguard’s Asia CEO, Charles Lin.
«The two appointments further strengthen Vanguard’s team in Asia, demonstrating its commitment and confidence in the market,» the firm said in a statement. «As part of its effort to promote its mission and investment philosophy in the region including China, Vanguard will continue to help investors achieve their investment goals with its world renowned, diversified and long-term investment approach.»
