People Moves
Vanguard Names New Chief Executive
The appointment follows the retirement of Tim Buckley after more than 30 years of service, including a tenure as chairman and chief executive officer.
Vanguard, the US asset management giant, has confirmed that Salim Ramji (pictured) is its new chief executive officer, based in New York, and he has joined Vanguard’s board of directors.
His appointment was part of a planned transition announced in May, succeeding Tim Buckley who is retiring from Vanguard after more than 30 years of service, including a tenure as chairman and chief executive officer.
Ramji’s background includes more than 25 years of financial services experience. As announced in May, Greg Davis, president and chief investment officer, has joined Vanguard’s board of directors and Mark Loughridge, Vanguard’s lead independent director, is now the non-executive chairman of the board.
Prior to joining Vanguard in July 2024, Ramji served in a variety of roles over the past 25 years spanning investments, capital markets, and wealth management. Most recently, he was the global head of iShares and index investments at BlackRock, as well as a member of the global executive committee. Previously, he was a senior partner at McKinsey & Company, where he led the asset and wealth management practice. Ramji started his career as a lawyer with Clifford Chance in London and Hong Kong. He is also a trustee of Graham Windham, a New York-based child-welfare organization, and serves on the international leadership council for the University of Toronto.
“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 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,” Davis added.
Since establishing the first indexed mutual fund in the US in 1976, the Vanguard Group manages $9.3 trillion on behalf of investors worldwide.
