Vanguard is launching a brand new recommendation and wealth administration division headed by trade veteran Joanna Rotenberg. She will be a part of Vanguard from Constancy in January 2025 and lead the brand new division as a managing director and member of the agency’s senior management crew.
“For practically 5 many years, Vanguard has been a constructive drive in democratizing investing, serving to to provide tens of hundreds of thousands of buyers the perfect likelihood for funding success,” Vanguard CEO Salim Ramji stated in a press release. “With the addition of Joanna to our management crew, our purpose is to additional democratize our recommendation and wealth administration choices for our shoppers by way of enhanced applied sciences and affords—with the identical shopper zeal that Vanguard has lengthy been identified for.”
Rotenberg most just lately served because the president of private investing at Constancy, main the corporate’s retirement, brokerage and wealth administration companies. She additionally spent over a decade on BMO Monetary Group’s govt committee and as a associate at McKinsey & Firm, serving shoppers in wealth and asset administration.
“I’m humbled by the chance to guide the brand new recommendation and wealth administration group and develop Vanguard’s choices to assist extra folks obtain funding success,” Rotenberg stated in a press release.
Along with the creation of the brand new division, Vanguard additionally introduced a sequence of modifications to enhance shopper focus and develop its senior management crew.
The modifications embody Matt Benchener, managing director and head of Vanguard’s private investor enterprise, which at the moment contains the agency’s wealth administration unit, persevering with in his function serving to Vanguard’s particular person direct buyers with a deal with digital shopper expertise, brokerage, money and financial savings options, and schooling financial savings.
As well as, John James, present managing director of the institutional investor group, has been named head of office and advisor options overseeing Vanguard’s intermediated companies with a deal with deepening relationships with enterprise shoppers.
Lauren Valente, managing director and chief human sources officer, has been named head of the institutional investor group.
Lastly, Jon Couture will be a part of Vanguard to succeed Valente as chief human sources officer.
“These modifications will enable us to sharpen our shopper focus, advance our digital capabilities to scale our affect, and add to our robust management bench,” Ramji stated.
