Please stay tuned for important disclosure information at the conclusion of this episode.

Hi and welcome to the Longview podcast. I'm Christine Ben's Director of Personal Finance and Retirement Planning for Morning Star.

And I'm Dan Lefkowitz, strategist for Morning Star Indexes.

We're taping this podcast at the Morning Star Investment Conference, where we're delighted to be joined by

Vanguard's CEO, Selim Ramji, who joined Vanguard just about a year ago. Prior to joining Vanguard,

Salim was a senior leader at Black Rock, where his most recent position was as global

head of eye shares and index investing. Before that, he was a senior partner at McKinsey and

company. Selim started his career as senior partner at McKinsey and Company. Salim started his career

as a lawyer at Clifford Chance in London and Hong Kong. Selim Ramji, welcome to the Longview.

Well, thanks for having me here. It's great to be in Chicago and it's great to be at the Morningstar

Conference. Well, we're thrilled to have you here. So you're the first outsider to have Helmed

Vanguard.

I wonder if you can talk about what you see as kind of the main challenges of coming in as an outsider and what you see as the main opportunities of maybe that fresh perspective.

Yeah.

What I would say is that Vanguard has been a really welcoming place. And so when I first kind of arrived

on campus back in May of last year, you know, I was wondering what I'm sure the crew were

wondering about me at the same time. And, you know, what I've really tried to focus on for my first year is just spending a lot of time with our crew and also spending a lot of time with our clients.

And, you know, Vanguard's been an extremely successful company in delivering kind of the right outcomes for our clients for the 49 years before I arrived at the scene.

And so I've been spending a lot of time just really understanding why and what are the reasons kind of behind that and what's made the company special so that we can maintain and preserve all of those aspects for the next 10 years, the next 20 years,

and kind of well beyond that. And at the same time, I think that, you know, to your question,

there's a lot of opportunity. Because if you go back to our kind of mission around helping

investors achieve investment success, that there are so many more things that we

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