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Vanguard’s Chief Information Officer Is Retiring

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What You Need to Know

  • John Marcante will retire in November after working 28 years at the giant asset manager.
  • Nitin Tandon, head of Retail and Corporate Systems within the Information Technology unit, will succeed Marcante.
  • Mercante has been “a pivotal leader of Vanguard’s High Net Worth and Advice client groups,” according to the company.

Vanguard’s chief information officer, John Marcante, is retiring after 28 years, the company reported.

He leaves in November and Nitin Tandon, Vanguard’s current head of Retail and Corporate Systems within the Information Technology division, will take his place, overseeing all aspects of the company’s use of technology globally.

Mercante, who joined Vanguard in 1993, has become “a pivotal leader of Vanguard’s High Net Worth and Advice client groups,” according to the company’s announcement of his pending retirement.

“John led the company’s complex cloud migration and transformed our Information Technology division with a keen focus on agile methodology and next-generation development,” said Vanguard Chairman and Chief Executive Officer Tim Buckley, in a statement.

“He was also one of the first senior leaders to champion a vision for delivering advice to clients to help them reach their financial goals. By envisioning and building an enterprise capability to nimbly develop global, scalable advice components, John helped lay the foundation to positively impact the lives of millions of Vanguard clients.”

Mercente’s successor, Nitin Tandon, joined Vanguard in 2019 as a member of Marcante’s senior team and before leading Vanguard’s Retail and Corporate Systems within the Information Technology division served as Vanguard’s chief technology officer.

Tandon was responsible for setting Vanguard’s technology vision, strategy, and adoption of emerging technologies (e.g., cloud, data and analytics, artificial intelligence and machine learning) and has led key programs for Vanguard, including the firm’s enterprise technology and client-experience modernization strategy.

Before joining Vanguard, Tandon was a Partner in the Technology group within Deloitte Consulting and most recently led Deloitte’s Cloud Practice in Financial Services and Cloud Strategy Practice across all industries.