Mr. Reed served as a Managing Director of The Vanguard Group, Inc., one of the world's largest asset managers, until his retirement in 2017, with overall responsibility for Vanguard's corporate finance and mutual fund finance functions and, most recently, its Strategy division. Prior to joining Vanguard in 2007 he was general counsel for a multi-line health and life insurance company, following a 21-year career as a partner at the Chicago law firm of Gardner, Carton & Douglas (now Faegre Drinker Biddle & Reath). He is designated an SEC 'financial expert' and serves on Old Republic's Audit and Compensation Committees.