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Deals & People January 4, 2007
Combs to Head Vanguard Strategy Operation
Ann Combs, who helped shape national pension and employee benefit policy during five years as head of the Employee Benefits Security Administration (EBSA), will be taking a new strategy development post at The Vanguard Group in February.
Reported by Fred Schneyer
She will lead a newly created Institutional Strategic Consulting group with oversight responsibilities for Vanguard’s retirement policy, research, and plan consulting activities, Vanguard announced in a news release.
Combs stepped down from the EBSA in October 2006 after 5 세 years. During that time, she played a pivotal role in formulating the recently-enacted Pension Protection Act. Before that, Combs was vice president and chief counsel for pensions and retirement at the American Council of Life Insurers and a principal of William Mercer, Inc.
Combs received a BA degree from the University of Notre Dame and a JD degree from George Washington University.
Vanguard, headquartered in Valley Forge, Pennsylvania, oversees more than $400 billion in assets for defined contribution plans, defined benefit plans, and other institutional clients. It provides full-service defined contribution recordkeeping services for 1,800 plan sponsors and 2.8 million participants, the company said.