FacultyFaculty/Author Profile
Michael J. Drayo

Michael J. Drayo

The Vanguard Group, Inc.
Senior Counsel
Valley Forge, PA, USA


Michael Drayo is Senior Counsel at The Vanguard Group, Inc., an SEC registered investment adviser with more than $2 trillion in assets under management. At Vanguard, Michael focuses on CFTC and SEC derivatives rules impacting portfolios advised by Vanguard. He also provides advice on fund issues arising under the Investment Company Act of 1940 and the Investment Advisers Act of 1940. Since 2010, he has co-authored more than a dozen comment letters submitted to federal regulators by Vanguard on derivatives rules proposed under the Dodd-Frank Act. Prior to joining Vanguard in 2007, he was in private practice for 6 years at the Philadelphia, Pennsylvania law firm of Ballard, Spahr, Andrews & Ingersoll, LLP where he concentrated on regulatory issues affecting mutual funds. He earned a bachelor's degree in economics from Syracuse University in 1997 and his law degree from Syracuse University College of Law in 2001.

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