The newly-created role is part of the $4.4tn US group's ambitions to grow its presence in continental Europe

ETFs

Vanguard, the $4tn US index fund manager, has hired a new sales chief for continental Europe, responsible for co-ordinating an expansion drive in the region.

Thomas Merz will be based in Zurich and report to Sean Hagerty, head of Europe, Vanguard said in a statement. He will oversee European distribution, excluding the UK.

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