John Galloway to head Vanguard’s stewardship efforts

John Galloway to head Vanguard’s stewardship efforts
He succeeds veteran Glenn Booraem, who will continue to serve as a senior adviser for the group
SEP 15, 2020

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.

Latest News

Fiduciary failure: Ex-advisor who sold practice fined after clients lost millions
Fiduciary failure: Ex-advisor who sold practice fined after clients lost millions

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.

Why the evolution of ETFs is changing the due diligence equation
Why the evolution of ETFs is changing the due diligence equation

As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.

Most asset managers are using AI, but few let it call the shots
Most asset managers are using AI, but few let it call the shots

Survey finds AI widely embedded in research and analysis, but barely touching portfolio construction or trade execution.

LPL, Raymond James score fresh recruits in advisor recruiting battle
LPL, Raymond James score fresh recruits in advisor recruiting battle

Two firms land teams managing more than $1.1 billion in combined assets from Kestra and Edward Jones.

Edward Jones facing more race bias claims in new lawsuit
Edward Jones facing more race bias claims in new lawsuit

A private partnership, Edward Jones is a giant in the retail brokerage industry with more than 20,000 financial advisors.

SPONSORED Are hedge funds the missing ingredient?

Wellington explores how multi strategy hedge funds may enhance diversification

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

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