Ronald Nagel, who is leaving Vanguard Investments Europe at the end of the month, is expected to join AllianceBernstein, the $555bn (€459bn) US active manager.

AllianceBernstein has been on a recruitment drive in the Netherlands to hire a representative, although it does not have an office in the country. The firm and Nagel declined to comment.

Vanguard's Nagel set to join AllianceBernstein

Renée Schultes

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