Mutual fund giant The Vanguard Group on Friday said it plans to add a Harvard professor as an independent member of its board of directors and the board of trustees of its 128 funds.

Andre Perold, a professor of finance and banking at the Harvard Business School, will join the Valley Forge, Pa.-based fund complex at the end of the year. He has been a Harvard faculty member since 1979, teaching courses in investment management and capital markets in the MBA program.

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