Bill McNabb, 53, chief executive officer and president of Vanguard [see profile], is currently recovering from a bike accident, The MFWire has learned.

An industry source first raised questions about McNabb's health earlier this month telling The MFWire that McNabb was out of office indefinitely on the heels of Vanguard's deal with Ascensus .

A company spokesperson confirmed McNabb's unfortunate bike accident but added that: "Bill is NOT out of commission. He suffered a leg injury from a biking accident but is very much in the office as usual." 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE