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.
Meanwhile, DPL Financial Partners adds two annuity executives and Prime Capital Financial hires a Mid-Atlantic retirement plan consultant
Andrew Komarow pleaded guilty Thursday in federal court in Hartford to defrauding three financial services companies of close to $3.3 million.
Elsewhere, Cetera picks up a $210 million Connecticut team from MML, while Wells Fargo FiNet adds a San Diego family practice from LPL
Celebrity endorsements, $500M in claimed assets, and a state regulator stepping in.
“We needed to become a more agile and efficient organization,” said American Express CEO Stephen Squeri.
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