UPDATE 3-Vanguard names former BlackRock executive Salim Ramji as new CEO
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UPDATE 3-Vanguard names former BlackRock executive Salim Ramji as new CEO

Reuters
Updated ·1-min read

(Recasts story and changes sourcing)

May 14 (Reuters) - Vanguard Group had named former BlackRock executive Salim Ramji as its new chief executive officer and as a member of the board, effective July 8, the U.S. asset management company said in a statement on Tuesday.

Ramji will replace Tim Buckley, whose departure as the chairman and CEO was announced in February. Buckley has spent more than three decades at the company.

At BlackRock, Ramji was a member of the company's Global Executive Committee and the global head of iShares and Index Investments, where he was responsible for two-thirds of the firm's assets and growth. (Reporting by Shreya Biswas and Seher Dareen in Bengaluru; Editing by Shounak Dasgupta and Sherry Jacob-Phillips)