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Vanguard Group fixed income leader to retire

Vanguard Group Inc. announced that Ken Volpert, the head of investments for Europe and global head of fixed income indexing, will retire in August.

He took up the positions in 2014.

Volpert will be replaced by Paul Jakubowski, who is the global head of the taxable credit group. Christopher Alwine, the head of municipal investment, will assume Jakubowski's previous responsibilities and also oversee the global taxable credit research team and the stable value group.

Paul Malloy, head of fixed income in Europe, will take up Alwine's role.

Christopher Wrazen, manager of the Vanguard Total International Bond Index Fund, will move to manage the bond index group in Europe.

Josh Barrickman, head of fixed income indexing for the Americas, will become sole portfolio manager of nine funds, including the Vanguard Total International Bond Index Fund.