As of July 8, Salim Ramji has assumed the role of chief executive officer at Vanguard and joined the company’s Board of Directors.
His appointment was part of a planned transition that was announced on May 14, 2024. Ramji succeeds Tim Buckley, who is retiring from Vanguard after more than 30 years of distinguished service, including a highly successful tenure as chairman and chief executive officer.
“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,” Salim said. “I am honored 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.”
Ramji is a highly accomplished leader whose background includes more than 25 years of financial services experience. In a July 8 Vanguard press release, the company said his strong cultural alignment, along with his fresh global perspective and deep expertise in investments, capital markets and wealth management, will serve to further advance the interests of individual investors around the world.
He most recently served as a global head of iShares & Index Investing at BlackRock, where he managed client assets and worked on the iShares platform. According to Vanguard, Ramji’s contributions steered investment access for tens of millions to investors and led to a more central role for exchange-traded funds (ETFs) in retirement and wealth portfolios.
Before leading iShares, Ramji was the head of U.S. Wealth Advisory and began his BlackRock career as the global head of corporate strategy. Prior to joining BlackRock, he was a senior partner at McKinsey & Company, in charge of the firm’s Asset & Wealth Management Practice. He started his career as a lawyer with Clifford Chance in London and Hong Kong.
“Salim is a dedicated, purpose-driven leader with deep experience, powerful insight, and a genuine passion for our mission,” said Greg Davis, President and Chief Investment Officer. “I am excited to collaborate with him as we aim to continue to deliver innovative products and highly personalized advice that helps maximize long-term returns for our investor-owners.”
As was also announced in May, effective today, Davis has joined Vanguard’s Board of Directors and Mark Loughridge, Vanguard’s Lead Independent Director, is now the nonexecutive Chairman of the Board.
Founded in 1975, Valley Forge, Pa.-based Vanguard is one of the world’s leading investment management companies and one of the largest 401(k) recordkeepers.
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Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.