Vanguard Group is preparing to name a former BlackRock executive as its next leader, putting an outsider in charge of the asset manager for the first time in its roughly 50-year history. Ticker Security Last Change Change % BLK BLACKROCK INC. 816.25 +13.28 +1.65%Ramji left BlackRock in January after about a decade. He is credited with expanding BlackRock’s multitrillion-dollar iShares ETF business. BLACKROCK'S BITCOIN ETF BLOWOUT WOWS EVEN LARRY FINKPennsylvania-based Vanguard in February said CEO Mortimer J. Ticker Security Last Change Change % VTI VANGUARD INDEX FUNDS TOTAL STK MKT ETF 259.45 +1.26 +0.49% IVV ISHARES TRUST CORE S&P 500 530.55 +4.67 +0.89%Ramji will be the first Vanguard chief that didn’t work directly with late founder John C. Bogle.

Source: Wall Street Journal May 14, 2024 23:17 UTC