Top money manager dies aged 53


Sad to report.

Simon Vanstone, the London-based head of Vanguard Group's European institutional business who joined the company in 2012, has died. He was 53.

Bloomberg News reports that he died unexpectedly on Wednesday, according to an e-mailed statement from the Valley Forge, Pennsylvania-based mutual fund company. No details were provided.

At Vanguard, the world’s second-largest money manager, the unit that Vanstone oversaw is responsible for the company’s European pension-fund clients and other large investors, according to the statement. The division accounts for a substantial portion of the $90 billion Vanguard manages in the region, according to spokeswoman Caroline Hancock. The group operates from offices in London, Paris, Amsterdam and Zurich.

Hit the link below to access the complete Bloomberg News article:

Simon Vanstone, Vanguard’s European Business Chief, Dies at 53

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