Vanguard appoints operation risk lead

Vanguard has appointed a replacement to head its operation risk for APAC after the incumbent left for an industry fund.

Ilda Rodrigues was appointed from within the risk management group to the role.

She takes the role after Theo Vosinidis left Vanguard to go to industry fund Cbus as its head of investment risk and compliance earlier this year.

Rodrigues has been at Vanguard since 2012, starting as an operational risk analyst. Prior to this, she worked at JBWere.

Vanguard this week opened its first fundamentally managed active funds in Australia, managed by external managers.

The Vanguard Active Global Growth Fund will hold a portfolio of 70-120 growth shares with a low turnover.

The base fee is 0.60% p.a. plus an outperformance/underperformance fee capped at +/- 0.0825% p.a. The base fee is lower than the category average of 1.06% p.a., Vanguard said.

The fund is managed by Scottish manager Baillie Gifford which has run the strategy since 2005.

Vanguard's second launch, the Vanguard Active Emerging Markets Equity Fund, will be managed by Wellington Management. It will hold over 100 emerging markets shares with a 0.88% p.a. fee and similar performance fee structure to the above fund.

It also hired a PM Capital sales director to lead its distribution efforts in Queensland

Read more: VanguardBaillie GiffordIlda RodriguesTheo Vosinidis
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