Vanguard CEO Aims to Bring Low-Cost Investing to Private Assets
- Salim Ramji took over as firm’s first-ever outsider CEO
- The new chief has no plans to try to take Vanguard public
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Vanguard Group Chief Executive Officer Salim Ramji said his firm is “really about” low-cost investing, and that he’d eventually like that to carry into the world of private assets.
“Low-cost investing applies in index, and it applies in active — and I would like it over time to also apply in private assets,” Ramji said in an interview Monday on Bloomberg TV. He’d also “never” attempt to take the asset manager public, he said.