Vanguard Announces Retirement of Managing Director

Vanguard, one of the world’s largest asset managers, has announced the retirement of Tom Rampulla, the managing director and head of the company’s Financial Advisor Services division. After 35 years at the company, Rampulla will be stepping down from his role.

A New Leader for Financial Advisor Services

With Rampulla’s retirement, Vanguard has chosen Amma Boateng to take over as the head of the Financial Advisor Services unit, effective January 1. Boateng is currently leading the broker-dealer channel within Financial Advisor Services and will now be joining Vanguard’s senior leadership team.

A History of Dedication and Growth

During his time at Vanguard, Rampulla has held various positions and has contributed significantly to the company’s success. Notably, he served as the first head of Vanguard’s U.K. and European operations from 2008 to 2015. Under Rampulla’s leadership as the head of FAS since 2015, the business has grown to manage over $3 trillion in assets. The Financial Advisor Services division serves more than 150,000 financial advisors, providing them with investments, services, education, and research.

Praise for Rampulla’s Contributions

Vanguard Chairman and CEO Tim Buckley expressed his appreciation for Rampulla’s hard work and dedication to both clients and staff. He commended Rampulla’s entrepreneurial spirit and acknowledged that it was instrumental in establishing Vanguard’s European business. Rampulla also played a key role in launching Vanguard’s European ETF business.

Boateng’s Impressive Background

Boateng, who joined Vanguard in 2004, brings a wealth of experience to her new position. As the current head of the broker-dealer channel within Financial Advisor Services, she has been responsible for overseeing the company’s relations with advisors at wirehouses and broker-dealers. Boateng has previously led Vanguard’s Advisor Solutions unit, where she provided customers with technology, portfolio solutions, and thought leadership.

Buckley praised Boateng’s expertise in global capital markets, digital acumen, and passion for assisting advisors in driving investment success for individual investors.