Vanguard Group has announced that Salim Ramji, formerly of BlackRock, will become its new CEO on July 8th. Ramji, who will also join the board of directors, will take over from Tim Buckley.
Until recently, Ramji was responsible for BlackRock's exchange-traded funds (ETFs) and index investments divisions, where he managed to grow the ETF business from $1 trillion to $2.5 trillion.
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