Gus Sauter retired in 2012 after 25 years at Vanguard. Sauter was then Chief Investment Officer, and took assets in the firm's signature index funds from less than $10 billion to $1.1 trillion in his years there. After serving as a trust investment officer with First Bancorp of Ohio, Sauter joined Vanguard in 1987 as head of the internal equity management group. He was named Vanguard's first-ever chief investment officer in 2003. Gus holds an A.B. in economics from Dartmouth College and an M.B.A. in finance from The University of Chicago.