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Rachel Baxter Leads Vanguard's European Investments
14 Jul
Summary
- Rachel Baxter appointed head of investment management in Europe.
- She previously co-led Vanguard's US bond index team.
- Vanguard managed $13.3 trillion globally as of May 2026.

Vanguard has appointed Rachel Baxter to lead its investment management division in Europe. Baxter's responsibilities will encompass portfolio management, investment research, capital markets, and trading throughout the region. She will also take the helm of Vanguard's European bond index team.
Baxter joins from her previous role as co-head of Vanguard's US bond index team. There, she held senior leadership for a vast portfolio exceeding $1.4 trillion in assets. Her background also includes experience as a portfolio manager in Vanguard's global bond index team and in global fixed income strategy.
This appointment is part of Vanguard's ongoing development in Europe. Jon Cleborne, Vanguard's Europe head, highlighted Baxter's extensive investment expertise and leadership capabilities. As of May 30, 2026, Vanguard managed $13.3 trillion on behalf of investors globally.