The appointment is at the firm's registered investment advisor business.

Vestmark, which provides portfolio management tools and trading software, has named former Vanguard and Charles Schwab figure Agnes Hong (pictured) as chief investment officer and head of advisory services for Vestmark Advisory Solutions (VAS), Vestmark’s registered investment advisor.

Hong will be responsible for managing the development and growth of new service offerings related to direct indexing, including ESG preferences and other client-driven customizations, and tax transition services for wealth management enterprises and their clients. She will report to Vestmark chief executive Mike Blundin.

With more than 20 years of experience in asset management and technology, Hong is a CFA® Charterholder, a Chartered Alternative Investment Analyst and holds the CFA UK Level 4 Certificate in ESG Investing. Hong previously worked at Vanguard, where she served as senior portfolio manager and a member of the senior leadership team at Equity Investment Group. 

Prior to Vanguard, Hong was vice president, head of passive equity portfolio management at Charles Schwab Investment Management, where she launched and managed Schwab’s suite of equity ETFs. Before this, she was portfolio manager for global index equities and quant active equities at BlackRock. 

Based outside Boston, Massachusetts and founded in 2001, Vestmark supports more than $1 trillion in assets and more than 4 million accounts.