Paul Malloy

Paul Malloy is a prominent figure in the investment management sector, currently serving as the Principal and Head of Municipals and Credit Research at Vanguard. He has been with Vanguard since 2005, initially joining the firm in a role focused on fixed income investments. Over the years, he has held various positions, including leading Vanguard's Fixed Income Group in Europe, where he managed portfolios that invested in global fixed income assets and oversaw the European Credit Research team.13

Education and Professional Background

Paul Malloy holds an MBA in Finance from the Wharton School of the University of Pennsylvania and a BS in Economics and Finance from Saint Francis University. He is also a Chartered Financial Analyst (CFA) charterholder.14 His career spans nearly two decades in the financial industry, with extensive experience in portfolio management, trading, and credit research within both taxable and municipal markets.13

Current Role and Insights

In his current role at Vanguard, Malloy is responsible for overseeing municipal investments and credit research. He emphasizes a strategy focused on higher-quality credit while maximizing yield and minimizing sensitivity to market risks. His insights into the municipal bond market highlight its attractiveness due to favorable fundamentals and higher yields, particularly in the investment-grade space.123

Malloy's leadership is characterized by a commitment to navigating complex market dynamics, making him a key player in Vanguard's fixed income strategies. His expertise is frequently sought after in discussions regarding market trends and investment opportunities within municipal bonds.25