Salim Ramji (pictured) has started his role as CEO of Vanguard, succeeding Tim Buckley who held the position for six years.
Ramji, who is the former global head of iShares and index investments at BlackRock, was appointed to the position by the Vanguard board in May. He brings 25 years of leadership experience, including his time at BlackRock and as a senior partner for McKinsey & Company.
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Greg Davis, president and chief investment officer at Vanguard, said: “Salim is a dedicated, purpose-driven leader with deep experience, powerful insight, and a genuine passion for our mission. I am excited to collaborate with him as we aim to continue to deliver innovative products and highly personalised advice that helps maximise long-term returns for our investor-owners.”
Buckley announced his retirement at the end of February after over 30 years with Vanguard. While CEO, Buckley grew investors to 50 million and grew assets under management to $9trn.
“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,” Ramji said.
“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.”
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In addition to Ramji’s start, Davis has joined the Vanguard board and lead independent director Mark Loughridge has become the non-executive chair of the board.
