Vanguard, Avowedly Anti-Crypto, Said Set to Name Bitcoin-Friendly Ex-BlackRock Exec as CEO: WSJ
Summary
Vanguard is set to appoint Salim Ramji, a former BlackRock executive who oversaw the launch of the firm's bitcoin exchange-traded fund, as its new CEO. Ramji left BlackRock in January to pursue new leadership opportunities. His appointment at Vanguard is surprising given the company's negative stance on bitcoin and his known interest in the industry. This has led to speculation that Vanguard might change its stance on bitcoin. Ramji has previously expressed excitement about the technology that underpins bitcoin and blockchain, citing its potential to remove frictions across the ecosystem. This will be the first time Vanguard has hired a CEO from outside the company.
