Vanguard in Australia – thirteen years on23 March 2009In 1996, the Vanguard Group chose Melbourne as the place to open its first office outside the United States. "We were attracted by the growth opportunities offered by Australian’s open and competitive superannuation market," said Jack Brennan, Chairman of the Vanguard Group. "We saw Australia as a highly attractive growth market and as a base to drive expansion throughout Asia." Thirteen years on, and Vanguard Investments Australia, wholly-owned by The Vanguard Group, has become Australia's leading index funds manager with over A$60 billion in funds under management. "Vanguard has committed to Australia for the long term," Mr Brennan said. The Group has also chosen Melbourne as its regional hub to serve Asia and its growing numbers of offshore clients.
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