Scott C. Malpass, vice president and chief investment officer at the University of Notre Dame, has been elected to the board of directors of The Vanguard Group and to the board of trustees of each of Vanguard’s mutual funds.
Also elected to the Vanguard board was Mark Loughridge, senior vice president and chief financial officer, finance and enterprise transformation, at IBM Corporation.
“We are very pleased to welcome two distinguished individuals to the Vanguard board. Mark and Scott bring a wealth of knowledge, acumen, and experience from the corporate and academic worlds, which will greatly benefit Vanguard and our fund shareholders,” said Vanguard Chairman Bill McNabb.
Notre Dame’s chief investment officer since 1989, Malpass is responsible for investment of the University’s endowment, working capital, pension and life income assets of $7 billion. The endowment is the 14th largest in American higher education and the largest at a Catholic university.
During the past 15 years, Notre Dame has experienced a 12.1 percent annualized return on the endowment pool. Under Malpass’ leadership, the University has been recognized for its innovation in international, private capital and alternative investing, and its philosophy of building relationships with leading edge investment management organizations around the world.
Vanguard, headquartered in Valley Forge, Pa., is one of the world’s largest investment management companies and a leading provider of company-sponsored retirement plan services. Vanguard manages nearly $1.8 trillion in U.S. mutual fund assets. The firm offers more than 170 funds to U.S. investors and more than 70 additional funds in non-U.S. markets.
Contact: Julie Hail Flory, director of public relations, firstname.lastname@example.org