Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

CEO commences tenure at Vanguard

vanguard/ishares/ETFs/ceo/

16 July 2024
| By Laura Dew |
image
image image
expand image

New Vanguard chief executive Salim Ramji has commenced the position at the global firm.

Ramji was appointed earlier this year to replace Tim Buckley who departed the firm after more than 30 years, including six years as chief executive. He joined Vanguard on 8 July as part of the planned transition. 

Ramji has more than 25 years’ experience, including a decade at BlackRock where he was the global head of iShares and Index Investing. Prior to this, he was the head of US wealth advisory at BlackRock. Before joining BlackRock, he was a senior partner at consultancy McKinsey & Company where he was in charge of the firm’s asset and wealth management practice. 

Ramji said: “For nearly 50 years, Vanguard has taken a stand for individual investors, with an unyielding commitment to serving their best interests and helping them achieve their long-term financial goals. I am honoured and humbled to lead Vanguard into its next chapter, and am deeply committed to continue to steward the company’s mission to give investors the best chance for investment success.”

Daniel Shrimski, managing director of Vanguard Australia, said: “Salim brings with him not only extensive financial services experience, but a deep connection with our organisation’s driving purpose and commitment to put our clients first. 

“We look forward to Salim’s support and leadership as we continue to serve our Australian clients and help get them closer to their financial goals.”

Taking over Buckley’s chair role will be Mark Loughridge, Vanguard’s lead independent director, who will be appointed as non-executive chairman.

At iShares, which has over 1,400 products, the firm said it had instead created a global product strategy group rather than appointing a direct replacement for Ramji. 

This is led by Stephen Cohen as chief product officer, and Rachel Lord as head of international business across EMEA and Asia-Pacific. The two appointments are part of the firm’s succession planning ahead of the eventual departure of Larry Fink, who founded the company in 1988 and is its chief executive. 
 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

3 weeks 1 day ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

4 weeks 1 day ago

So we are now underwriting criminal scams?...

7 months ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

3 weeks 2 days ago

WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial ...

3 weeks 6 days ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

1 week 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND