Vanguard Names Former BlackRock Executive as CEO.

Autor: Lombardo, Cara (AUTHOR), Baer, Justin (AUTHOR)
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Zdroj: Wall Street Journal - Online Edition. 5/15/2024, pN.PAG-N.PAG. 1p.
Abstrakt: Vanguard Group, a major asset manager, has appointed Salim Ramji, a former executive at BlackRock, as its new CEO. This marks the first time an outsider has been chosen to lead Vanguard in its 50-year history. Ramji, who previously led BlackRock's exchange-traded funds and index investing, will assume the role in July. Vanguard is known for its low-cost index funds and is seeking to expand into the financial advice business. Ramji's appointment comes after the departure of CEO Mortimer J. "Tim" Buckley. [Extracted from the article]
Databáze: Regional Business News