After more than 25 years of experience in investments and capital markets, Salim Ramji accomplished a new career height on May 14, 2024, when he was appointed as the CEO of Vanguard.
With this, there’s no doubt that Salim has come a long way, but did you know he initially wanted to be a hockey player?
A year ago, during his appearance on the Jon Schultz Podcast show, he provided a glimpse of his childhood dream and said, “I grew up in Canada, and like every good Canadian, I grew up wanting to be a professional hockey player.”
But hockey didn’t work out for him. Salim then entered law school under several circumstances and later built a larger-than-life career in Global finance.
Vanguard’s new CEO, Salim Ramji, owes his parents for his achievements!
In Jon’s podcast, Salim said his parents influenced him in two ways as a child. First, they taught him the importance of education. He said his parents couldn’t even complete their high school studies, so they were adamant about education.
He added, “They were very adamant about the need to go to college uh even though and they don’t really care which college uh it could be any college.”
That motivated Salim to pursue higher studies. He earned a bachelor’s degree in economics and politics from the University of Toronto and later completed his MA in law at Cambridge.
Likewise, another important lesson that he learned from his parents was ‘financial security.‘ That struck Salim’s young mind and no doubt that he consistently worked for the lessons he received. And the rest is history!
Salim Ramji might be named in a multi-millionaire list sooner or later
Born in Tanzania, Salim Ramji has now established himself as one of the global icons in the investment field. He has a wide array of professional experience.
According to his LinkedIn, he began his career as a lawyer at Clifford Chance and worked there for four years.
In 1998, he joined the New York-based Global Management company McKinsey & Company as a Senior Partner. As per reports, the partner of McKinsey earns an average salary of $555k per year, which means he bagged an average amount of $8,880k in his 16-year tenure.
🇺🇸 VANGUARD NAMES SALIM RAMJI AS NEW CEO
— Mario Nawfal (@MarioNawfal) May 15, 2024
Vanguard, which controls over $8.6 trllion in assets, appointed former BlackRock executive Salim Ramji as CEO, effective July 8.
Ramji, who led BlackRock’s ETF business and launched its spot bitcoin product, replaces Tim Buckley, who is… pic.twitter.com/alD46J2dHq
After that, he landed as a Global Head of Corporate Strategy in Black Rock in 2014. The following year, he became the Head of the U.S. Wealth Advisory in the same company and, after four years, a Global Head of shares and Index Investments.
According to our calculations, Salim added more than a million to his bank account while serving in Black Rock, eventually contributing to his net worth.
Salim is now the CEO of Vanguard. Undoubtedly, he will soon be a multi-millionaire or maybe a billionaire—who can say, isn’t it?
Additional Information
- Salim Ramji is a married man and shares two sons with his wife.
- He currently resides in New York with his family.
- Salim, the new CEO of Vanguard, is a CFA charter holder.
