Vanguard has appointed John Galloway global head of investment stewardship, succeeding Glenn Booraem, who led the asset management company’s stewardship efforts for the past two decades.
Galloway will be responsible for leading Vanguard’s stewardship practice, which includes publicly advocating for high standards of corporate governance around the world, engaging with company boards and leaders on governance practices and voting proxy ballots to represent the long-term interests of Vanguard’s investor base.
Booraem will remain with Vanguard’s investment stewardship leadership team as a senior adviser.
Vanguard’s effort, one of the world’s largest investment stewardship teams, comprises 35 governance professionals.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Survey finds AI widely embedded in research and analysis, but barely touching portfolio construction or trade execution.
Two firms land teams managing more than $1.1 billion in combined assets from Kestra and Edward Jones.
A private partnership, Edward Jones is a giant in the retail brokerage industry with more than 20,000 financial advisors.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management