VALLEY FORGE, PA — Vanguard announced the creation of a new Advice & Wealth Management division aimed at advancing its investment solutions to better serve clients. Industry leader Joanna Rotenberg will step into the role of managing director in January 2025, becoming part of Vanguard’s senior leadership team.
The new division will focus on enhancing digital capabilities, expanding wealth services, and maintaining Vanguard’s philosophy of delivering high-quality, diversified, and low-cost solutions to clients.
“For nearly five decades, Vanguard has been a positive force in democratizing investing,” said Chief Executive Officer Salim Ramji. “With the addition of Joanna to our leadership team, our goal is to further democratize our advice and wealth management offerings for our clients through enhanced technologies and offers—with the same client zeal that Vanguard has long been known for.”
Rotenberg brings extensive experience to Vanguard, having previously served as president of Personal Investing at Fidelity and holding senior leadership roles at BMO Financial Group and McKinsey & Company.
“I have always admired Vanguard’s unique structure and client-focused mindset,” Rotenberg said. “I am humbled by the opportunity to lead the new Advice & Wealth Management group and expand Vanguard’s offerings to help more people achieve investment success.”
Vanguard also announced additional leadership changes to refine its client focus:
- Matt Benchener will continue as head of Vanguard’s Personal Investor business.
- John James has been named head of Workplace & Advisor Solutions.
- Lauren Valente will become head of the Institutional Investor Group.
- Jon Couture, an experienced human resources leader, will join as managing director and chief human resources officer.
“These changes will allow us to sharpen our client focus, advance our digital capabilities to scale our impact, and add to our strong leadership bench,” said Ramji. “We welcome Joanna and Jon and congratulate John and Lauren on their new responsibilities.”
Through these organizational updates, Vanguard aims to further its efforts to deliver innovative and accessible investment solutions for clients worldwide.
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