Vanguard Appoints Joanna Rotenberg to Lead New Wealth Management Division

The $10 trillion asset manager creates a dedicated division for financial advice and wealth management, signaling a strategic growth focus.

Joanna Rotenberg, a seasoned executive with experience at Fidelity and Bank of Montreal, will lead Vanguard's newly established advice and wealth management division.
The new division oversees $900 billion in client assets and aims to expand Vanguard's footprint in financial advisory services.
Rotenberg will join Vanguard in January as a managing director and member of the senior leadership team.
This move aligns with Vanguard CEO Salim Ramji's broader restructuring efforts to focus on wealth management and active investment strategies.
Vanguard, known for its low-cost index funds, is responding to growing client demand for personalized financial advice in a complex investment landscape.