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Vanguard mentioned Tuesday that its long-time monetary advisor companies division head Tom Rampulla will retire initially of 2024. His position will probably be taken on by Amma Boateng, the present head of the broker-dealer channel inside the advisor companies group.
The modifications to Vanguard’s senior management workforce are efficient Jan. 1, 2024.
In an announcement, Vanguard Chairman and CEO Tim Buckley says Boateng has been “central to constructing a complicated [offering] for our monetary advisor shoppers,” noting that she brings “deep experience in international capital markets, robust digital acumen, and a ardour for serving to advisors drive funding success for particular person buyers.”
The outgoing Rampulla joined Vanguard in 1988 and was first appointed to senior management workforce as head of the monetary advisor companies division in 2015. Throughout his tenure, the division grew to handle greater than $3 trillion in belongings, in keeping with Vanguard, whereas serving greater than 150,000 monetary advisors.
Earlier in his tenure, Rampulla led Vanguard’s U.Ok. and European operations, and he additionally helped develop distribution of Vanguard’s U.S. ETF product lineup.
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