Vanguard appoints BlackRock veteran Salim Ramji as its next CEO Vanguard appoints BlackRock veteran Salim Ramji as its next CEO.
He will succeed Tim Buckley and become the first outsider to run the company.
Ramji will join Vanguard in July, according to a statement emailed Tuesday.
When he worked at Vanguard\’s largest competitor, BlackRock, he was responsible for exchange-traded funds and index investment businesses.
Vanguard was founded nearly half a century ago. It had about $9.3 trillion in assets under management as of the end of March.
The current investor landscape is changing, providing Vanguard with the opportunity to further its mission of providing people with the best chance of investment success. In the company\’s 50 years, this is even more important now, Ramji said in the statement.
I will focus on leading Vanguard to meet this moment without losing sight of our original intention – to continue to be a trustworthy company and to make a statement for all investors.
In February of this year, Vanguard announced that Buckley plans to retire before the end of this year. The board of directors has begun a search for a successor.
The 30-year Vanguard veteran has served as CEO since 2018.
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Vanguard appoints BlackRock veteran Salim Ramji as next CEO Vanguard appoints BlackRock veteran Salim Ramji as next CEO
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