It's the first time in its nearly 50-year history that Vanguard has chosen a new leader from outside the company.
It's the first time in its nearly 50-year history that Vanguard has chosen a new leader from outside the company.Vanguard Group, the $9 trillion investment firm that employs 12,000 in Chester County, has named Salim Ramji as chief executive, reaching outside company ranks for the first time in its 49-year history.
Ramji was head of BlackRock’s iShares and Index Investing Group, competing head-to-head against Vanguard’s top products, when he left BlackRock in January. He had joined BlackRock from consultant McKinsey & Co., where he headed the asset management group. Ramji holds a bachelor’s in economics and politics from the University of Toronto and a master’s in law from Cambridge in England. He is also a chartered financial adviser , completing a complex set of tests certifying investment analysis.
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