Tom Rampulla, managing director and head of Vanguard’s Financial Advisor Services division, is retiring after 35 years at the company.
Vanguard said it will promote Amma Boateng to lead the unit and join the company’s senior leadership team on Jan. 1. Boateng is currently head of the broker-dealer channel within Financial Advisor Services (FAS).
Rampulla joined Vanguard in 1988 and has held a variety of positions at the company, which is one of the world’s largest asset managers. He served as the first head of Vanguard’s U.K. and European operations from 2008 to 2015. As head of FAS since 2015, he’s helped grow the business to manage more than $3 trillion in assets, according to Vanguard. FAS serves more than 150,000 financial advisors with investments, services, education, and research, according to the company.
Vanguard Chairman and CEO Tim Buckley said Rampulla “worked tirelessly” for the company’s clients and staff.
“Tom and his entrepreneurial spirit set the course for our European business,” Buckley said. Rampulla launched Vanguard’s European ETF business. “His passion for serving individual investors and those who serve them has elevated the FAS business to new heights.”
Boateng joined Vanguard in 2004. In her current role, she has been overseeing the company’s relations with advisors at wirehouses and broker-dealers. She previously led Vanguard’s Advisor Solutions unit, which provides customers with technology, portfolio solutions, and thought leadership, according to the company.
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“Amma has been central to building a sophisticated offer for our financial advisor clients,” Buckley said. “She brings deep expertise in global capital markets, strong digital acumen, and a passion for helping advisors drive investment success for individual investors.”
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