Salim Ramji, the new CEO of Malvern-based Vanguard, is poised to drive significant changes at the investment giant, writes Brooke Masters for the Financial Times.
Vanguard, which once disrupted the industry with its low fees and established itself as a powerhouse in passive investing, still maintains the culture and values shaped by its late founder, John Bogle.
“You want to keep . . . that sense of what has made us special for 50 years and take the Vanguard effect and innovate and disrupt and unleash our team,” said Ramji. “The mission around low cost still has a long way to go.”
After compelling rival asset managers to lower fees and rethink stock-picking business models, Vanguard is now looking to expand its influence into other industry segments. Salim Ramji, who came to Vanguard from larger rival BlackRock last year, is leading the investment giant’s expansion into investment advice, actively managed bond funds, and cash accounts.
The strategy aims to turn Vanguard into the financial hub for a new generation of investors and to allow it to better compete for customers outside its U.S. heartland.
Read more about Vanguard aiming to become a financial game-changer in the Financial Times.
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Editor’s Note: This post was originally published on VISTA Today in March 2025.
