Saturday, May 18, 2024
Latest News
India, UK review implementation of 10-year roadmap Robbed: Pilgrim robbed of 12 sovereigns of gold | Coimbatore News From authoritative to permissive parenting: Which parenting style wins? Will 6G tech deliver where ‘overhyped’ 5G didn’t? An expert sees a holographic future Premier League title race could be settled on Sunday after Kitchee stop rot to prolong Lee Man’s wait Russia Presses Attacks in Northeast Ukraine, Seeking Buffer Zone on Border Slovak prime minister still in serious condition as shooting suspect appears in court Elephant Kills Man: Elephant kills man | Bhubaneswar News EgyptAir plans to increase frequency of its Delhi-Cairo flights, make it a daily Coffee shop Land to Sea in New York is a love letter to co-founders’ Asian-American upbringing – and a space for all Jitesh Sharma to lead Punjab Kings in their final game of the season | Cricket News Sample Seed pitch deck: Goodcarbon's $5.5m deck Do I Owe Taxes on a Retirement Account Distribution? Namaste away: Rangers bar yoga classes at cliffside San Diego park Young Voters: To woo voters, parties aim to catch ’em young | Allahabad News China property: Beijing’s stimulus plan needs more time, money and policy support to resolve long-standing housing crisis 'I said I would bat anywhere, just give me a chance to play': Virat Kohli recalls how Suresh Raina's recommendation worked for him | Cricket News Lack of AI Is Reducing India Software Stocks’ Heft as Tech Bets In Rio de Janeiro, young women in a favela hope to overcome slum violence to play in 2027 Women’s World Cup House GOP infighting fuels bitter primary election season Airport: Airport’s Terminal 2 gets five new aircraft parking stands | Ahmedabad News India, UK reaffirm FTA commitment at strategic dialogue Studio Nicholson founder Nick Wakeman on perfecting modern nostalgia at her London-based fashion label Queen of the Book Club Biden called out over past desegregation remarks Angry mob sets Bihar police station on fire after man, minor wife die by suicide in custody; ASP among 9 cops injured | Patna News 8 ways to boost energy and productivity and be less tired – a Malaysian-Chinese life coach and author’s advice Lionel Messi’s Barcelona napkin, used to promise his first contract with club at age 13, sells for HK$7.6m at auction Nearly 50 vehicles towed, 40 arrests made in Northern California sideshow Man shoots his 6-month-old baby multiple times at home near Phoenix, but child expected to survive
HomeBusinessWho is Salim Ramji, the next CEO of Vanguard?

Who is Salim Ramji, the next CEO of Vanguard?



NEW DELHI: Vanguard Group Inc has announced the appointment of Salim Ramji, a seasoned executive from BlackRock Inc, as its new Chief Executive Officer, effective July 8, 2024. Ramji will also join the board of directors.
This strategic move marks a significant transition for Vanguard, as Ramji will be the first outsider to lead the firm since its founding nearly five decades ago by the late Jack Bogle.He succeeds Tim Buckley, who announced his retirement earlier this year after a transformative tenure that saw Vanguard’s assets under management grow by 80% to $9 trillion.
Salim Ramji’s appointment comes at a pivotal time for Vanguard, positioned as the world’s second-largest asset manager with approximately $9.3 trillion in assets as of March 2024. His leadership is expected to steer Vanguard through an evolving investor landscape, capitalizing on opportunities to further the firm’s mission of offering the best investment success chances.
“The current investor landscape is changing, and that presents opportunities for Vanguard to further its mission of giving people the best chance for investment success, which is more relevant today than at any time in the firm’s five-decade history,” Ramji said. He emphasized his commitment to maintaining Vanguard’s core purpose as a trusted firm that stands for all investors.

Who is Salim Ramji?

Salim Ramji’s career in the financial services industry spans over 25 years, with significant contributions at BlackRock, where he was responsible for a substantial portion of the firm’s assets and growth, particularly in iShares and Index Investments.
His role at BlackRock included membership on the Global Executive Committee and serving as the global head of iShares and Index Investments, overseeing about two-thirds of the firm’s assets.
Under his leadership, BlackRock’s ETF business saw a massive expansion, now managing approximately $3.7 trillion. Ramji’s deep expertise in exchange-traded funds and index investing is expected to align well with Vanguard’s historical emphasis on low-cost index fund investing.
Before his decade at BlackRock, Ramji was a Senior Partner at McKinsey & Company, where he led the Asset & Wealth Management Practice, enhancing his profile as a leader skilled in corporate strategy and financial advisory. His extensive background and strategic insight into wealth management are poised to invigorate Vanguard’s efforts to navigate the complexities of global markets and regulatory environments.
Ramji’s leadership is anticipated to continue Vanguard’s legacy of innovation in low-cost investing while also exploring new growth avenues, including the expansion into financial advisory services. His vision for Vanguard involves not only upholding the traditions set by its founder Jack Bogle but also adapting to the dynamic needs of modern investors, ensuring Vanguard remains at the forefront of the investment management industry.
Vanguard’s board, represented by Lead Independent Director Mark Loughridge, expressed their enthusiasm about Ramji’s leadership capabilities, highlighting their confidence in his ability to drive the firm forward. “We look forward to collaborating closely with him as we fortify and expand our mission and purpose, which has helped millions of our investor-owners plan for their future and families,” said Loughridge.
As Salim Ramji steps into his new role at Vanguard, the investment world watches keenly to see how his innovative strategies and extensive experience will shape the future of one of the largest asset managers globally.
(With inputs from agencies)

function loadGtagEvents(isGoogleCampaignActive) { if (!isGoogleCampaignActive) { return; } var id = document.getElementById('toi-plus-google-campaign'); if (id) { return; } (function(f, b, e, v, n, t, s) { t = b.createElement(e); t.async = !0; t.defer = !0; t.src = v; t.id = 'toi-plus-google-campaign'; s = b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t, s); })(f, b, e, 'https://www.googletagmanager.com/gtag/js?id=AW-877820074', n, t, s); };

function loadSurvicateJs(allowedSurvicateSections = []){ const section = window.location.pathname.split('/')[1] const isHomePageAllowed = window.location.pathname === '/' && allowedSurvicateSections.includes('homepage')

if(allowedSurvicateSections.includes(section) || isHomePageAllowed){ (function(w) { var s = document.createElement('script'); s.src="https://survey.survicate.com/workspaces/0be6ae9845d14a7c8ff08a7a00bd9b21/web_surveys.js"; s.async = true; var e = document.getElementsByTagName('script')[0]; e.parentNode.insertBefore(s, e); })(window); }

}

window.TimesApps = window.TimesApps || {}; var TimesApps = window.TimesApps; TimesApps.toiPlusEvents = function(config) { var isConfigAvailable = "toiplus_site_settings" in f && "isFBCampaignActive" in f.toiplus_site_settings && "isGoogleCampaignActive" in f.toiplus_site_settings; var isPrimeUser = window.isPrime; if (isConfigAvailable && !isPrimeUser) { loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive); loadFBEvents(f.toiplus_site_settings.isFBCampaignActive); loadSurvicateJs(f.toiplus_site_settings.allowedSurvicateSections); } else { var JarvisUrl="https://vsp1jarvispvt.indiatimes.com/v1/feeds/toi_plus/site_settings/643526e21443833f0c454615?db_env=published"; window.getFromClient(JarvisUrl, function(config){ if (config) { loadGtagEvents(config?.isGoogleCampaignActive); loadFBEvents(config?.isFBCampaignActive); loadSurvicateJs(config?.allowedSurvicateSections); } }) } }; })( window, document, 'script', );



Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments

Latest News