Vanguard Group has named a new chief financial officer as part of a senior “internal rotation programme”.

The firm - which boasts some $2 trillion in assets under management - confirmed veteran Frank Satterthwaite as CFO, replacing Richard Carpenter in the role.

The move at the US asset manager forms part of a string of senior internal appointments

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Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

Northern Trust taps UN pension fund for head of international role

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

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The dollar lost momentum ahead of an expected decline in U.S. job creation, as investors expect the Fed to start cutting interest rates in coming months.

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The tech giant has been ramping up efforts to boost business growth in a bid to defend its place in China’s tech and commerce industries, as well as grow abroad.

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