Forbes Highlights the Impetus Behind Vanguard’s Innovation Studio

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Image via Vanguard.

Two years ago, Vanguard decided to merge its innovation efforts into a centralized function at its newly formed Innovation Center, writes Peter High for Forbes.

The decision came after a trip by Bill McNabb, the Malvern-based investment giant’s then-CEO, and senior leadership to Silicon Valley.

“When we came back, we realized that the way in which people were working was different,” said Vanguard CIO John Marcante.

The main ideas behind building the studio were finding new ways to work, shake up the market, and attract more talent.

Vanguard appointed Lisha Davis as the head of the new studio. She built up a team of 40 people with many with non-traditional skill sets, including artistic backgrounds combined with deeply technical experience.

That team focuses on determining the right problems to solve.

“This is because, even when you think you know what the problems are, when you get underneath the hood, you often realize the problem is not what you thought it was,” said Davis.

Once the problem is identified, the team tries to find the best way to solve it. Finally, various prototypes and minimum viable products are built to help bring those solutions to life.

Read more about Vanguard’s Innovation Studio in Forbes here.

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