Vanguard Group, a global leader in investment management, has appointed Salim Ramji as its new Chief Executive Officer (CEO) and board member, effective July 8, 2024. Ramji, a seasoned financial services executive with over 25 years of experience, joins Vanguard from BlackRock Inc., where he held several key leadership roles, including Global Head of iShares and Index Investments.
Ramji’s appointment comes at a crucial time as Vanguard navigates a rapidly evolving investor landscape. In his statement following the announcement, Ramji emphasized Vanguard’s mission of providing investors with the best chance for investment success. He expressed his commitment to mobilizing Vanguard to meet the challenges of today’s dynamic market environment while staying true to the firm’s core purpose.
With a distinguished career spanning McKinsey & Company, Clifford Chance, and most recently BlackRock, Ramji brings a wealth of expertise in investments, capital markets, and wealth management to his new role. During his tenure at BlackRock, he played a pivotal role in expanding investment access for millions of investors globally and driving the adoption of ETFs in retirement and wealth portfolios.
Ramji’s leadership at Vanguard is expected to further strengthen the firm’s commitment to serving the interests of individual investors. His strategic vision and deep understanding of the industry position him as an ideal candidate to lead Vanguard into the future.
Ramji’s appointment marks a significant milestone for Vanguard, as he becomes the first external leader to helm the organization. He succeeds Tim Buckley, who served as CEO since 2018 and played a key role in driving the company’s growth to $9 trillion in assets under management.
In addition to Ramji’s appointment, Vanguard announced the appointment of Greg Davis, President and Chief Investment Officer, to the board of directors. Davis will have expanded responsibility for regulatory and government affairs, further bolstering Vanguard’s leadership team.
As Vanguard embarks on this new chapter under Ramji’s leadership, the company remains committed to its founding principles of stewardship, fairness, and investor success. With Ramji at the helm, Vanguard is poised to continue its legacy of innovation and excellence in investment management.
About Vanguard: Founded in 1975 by the late Jack Bogle, Vanguard is one of the world’s leading investment management companies. With a unique investor-owned structure, Vanguard is dedicated to serving the interests of its clients and providing them with the best possible investment outcomes. The firm offers a range of investments, advice, and retirement services to tens of millions of investors globally, operating under a simple purpose: to take a stand for all investors and give them the best chance for investment success.
