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ON THE MOVE: Vanguard Aligns Fixed Income Group, Jones and Instinet Hire Pros

Traders Magazine Online News, April 3, 2018

John D'Antona Jr.

Vanguard announced multiple appointments within its Fixed Income Group as part of the firm's long-standing practice of periodically rotating investment professionals. Among the changes: 

Paul Jakubowski, global head of the Taxable Credit Group, will be assuming the position of head of Investments-Europe and global head of Fixed Income Indexing, responsible for all of Vanguard’s bond indexing operations worldwide. Jakubowski, who has worked in investment management since joining Vanguard in 2000, replaces Ken Volpert, who is retiring in August.

Paul Jakubowski, Vanguard

Christopher Alwine, head of Municipal Investment, will assume Jakubowski’s previous responsibilities, overseeing the active corporate bond portfolio management and trading teams in the U.S., Europe, and Asia-Pacific. Alwine joined Vanguard in 1990 and has more than twenty years of investment experience.

Paul Malloy, currently head of fixed income in Europe, will assume Alwine’s role leading the municipal bond team of 30 investment professionals who manage more than $183 billion in 12 municipal bond funds. Malloy joined Vanguard in 2005 and the Fixed Income Group in 2007, and has held various portfolio management positions in Vanguard’s offices in London and the United States.

Christopher Wrazen, manager of the $103.5 billion Vanguard Total International Bond Index Fund, will move to manage the Bond Index Group in Europe. Wrazen has been with the Fixed Income Group since 2008.

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

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JonesTrading Institutional Services announced it named David O’Shaughnessy as Managing Director in its Derivatives Trading Group. O’Shaughnessy is an industry veteran, bringing over 15 years’ experience and expertise to the team. Prior to joining, he served as Director in Equity Derivative Sales for Deutsche Bank New York. Prior to Deutsche Bank he held senior derivatives sales roles at Citadel Securities, BNP Paribas and Susquehanna.He will be based in New York and report to Jeff Micsky, Head of Global Derivatives. 

Instinet announced the appointment of Mark Kelley as an Executive Director and a lead analyst in the U.S. Technology, Internet, Media & Telecom (TIMT) group, focused on Internet stocks. Based in New York, Mr. Kelley joins Instinet from Citigroup, where he was the lead analyst in the small and midcap Internet group. He previously held roles in equity research at Barclays Capital and Sterne, Agee & Leach, Inc.

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