Vanguard Canada leader Tiwari stepping down

Effective Jan. 1, Kathy Bock will replace Atul Tiwari as head of Vanguard Investments Canada.

Tiwari, who has worked on building Vanguard Canada into a leading asset manager over the last seven years, will work with Bock through a transition period and leave at the end of this year, the company said in an emailed statement to Advisor.ca.

Bock has led the Vanguard Americas business since 2014, and she has more than 20 years of leadership experience at the company. Her familiarity with the Canadian market, Vanguard says, will provide “a continuity in approach” and “a seamless transition for Vanguard clients and employees in Canada.”

In the statement, the company says the “transition is consistent with Vanguard’s rotational leadership culture.”

According to a National Bank report from Oct. 1, Vanguard was the third-largest ETF provider as of September, at $17.7 billion in AUM. BlackRock iShares was first at $59.4 billion, followed by BMO at $50.3 billion. However, “As of September, the highest inflows year-to-date have been going to Vanguard, BMO, Mackenzie and Horizons ETFs,” the report says.

In its statement, Vanguard Canada says it has 60 employees, 37 ETFs and four actively managed mutual funds.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.