वैनगार्ड ने ब्लैकरॉक के अनुभवी सलीम रामजी को अगला सीईओ नियुक्त किया।

वैनगार्ड ने ब्लैकरॉक के अनुभवी सलीम रामजी को अगला सीईओ नियुक्त किया।

Vanguard appoints BlackRock veteran Salim Ramji as next CEO.

Vanguard Group Inc., a pioneering force in index fund investing, names Salim Ramji, a former BlackRock Inc. executive, as its new CEO, marking the first time an outsider will lead the firm.

  • Business
  • 87
  • 15, May, 2024
Jyoti Ahlawat
Jyoti Ahlawat
  • @JyotiAhlawat

Vanguard appoints BlackRock veteran Salim Ramji as next CEO.

Vanguard Group Inc. has appointed Salim Ramji, a former executive at BlackRock Inc., as its new CEO, succeeding Tim Buckley. Ramji's appointment marks the first time an outsider will helm the firm, renowned for its pioneering work in index fund investing. Ramji, who previously oversaw exchange-traded funds and index investing at BlackRock, will assume his new role at Vanguard, a major competitor, in July, according to a statement sent on Tuesday. Founded nearly fifty years ago by the late Jack Bogle, Vanguard boasted approximately $9.3 trillion in assets under management as of March.

Ramji expressed his perspective on the evolving investor landscape and highlighted Vanguard's mission to empower investors for success, a mission he believes is more pertinent now than ever in the firm's fifty-year history. He emphasized his commitment to aligning Vanguard with the current environment while upholding its foundational purpose of advocating for all investors. In February, Vanguard announced Buckley's intention to retire by year's end, initiating a search for his successor. Buckley, a thirty-year Vanguard veteran, has served as CEO since 2018.

Prior to joining Vanguard, Ramji spent around a decade at BlackRock, headquartered in New York, the world's largest asset manager. He was regarded as a potential successor to CEO Larry Fink before leaving in January. During his tenure as global head of iShares and index investments, Ramji played a pivotal role in significantly expanding the firm's ETF business, which now oversees approximately $3.7 trillion.

 
Jyoti Ahlawat

Jyoti Ahlawat

  • @JyotiAhlawat