Vanguard Names Salim Ramji As Its CEO

India-West News Desk

VALLEY FORGE, PA – Vanguard has announced that its Board of Directors has appointed Salim Ramji, a longtime financial services executive, as the Company’s new Chief Executive Officer and a member of the Board, effective July 8, 2024. Ramji succeeds Tim Buckley, who, as previously announced, will retire and step down as Chairman and CEO.

Ramji, whose parents are Indians from Tanzania, and was raised in Canada will be the first outsider to helm the $9 trillion asset manager overseeing the retirement assets of millions of Americans.

He is a senior financial services executive with more than 25 years of experience in investments, capital markets, and wealth management, including a decade as a senior leader at BlackRock Inc., leaving in January 2024. Before joining BlackRock, he was a Senior Partner at McKinsey & Company. He started his career as a lawyer at Clifford Chance in London and Hong Kong.

Ramji commented, “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 earned a bachelor’s degree in economics and politics from the University of Toronto, an MA degree in law from Cambridge University, and is a CFA charter holder. He is a trustee of Graham Windham, a New York-based child-care agency, and on the International Leadership Council for the University of Toronto.

Founded in 1975, Vanguard is one of the world’s leading investment management companies.