BLK - Vanguard Appoints Former BlackRock Executive Salim Ramji As New CEO | Benzinga
Investment management giant Vanguard has announced the appointment of Salim Ramji, a former executive from BlackRock (NYSE:BLK) known for his Bitcoin (CRYPTO: BTC) friendly stance, as its new CEO and board member, effective July 8.
What Happened: Ramji, with 25 years of industry experience, previously headed BlackRock's global exchange-traded fund (ETF) business and was instrumental in launching the iShares Bitcoin Trust (NASDAQ: IBIT) in the U.S.
He left BlackRock in January to pursue new leadership opportunities.
“It’s an honor to join Vanguard, an institution I have long admired and respected,” Ramji stated on Tuesday. “I am drawn to Vanguard because of the firm’s clarity and consistency of purpose and am very excited to get to work and partner with the outstanding leadership team to lead the company into the future.”
Ramji emphasized the evolving investment landscape and ...