The former BlackRock executive is replacing outgoing CEO Tim Buckley, effective July 8.
Vanguard’s new leader Salim Ramji revealed an early decision: He won’t reverse the company’s decision not to launch a Bitcoin ETF.
Vanguard Group named Salim Ramji, who oversaw exchange-traded funds and index investing at BlackRock, as its next chief executive officer, succeeding Tim Buckley and becoming the first outsider to lead the firm famed for revolutionizing investing with the index fund. Eric Balchunas of Bloomberg Intelligence has more.