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There's an interesting connection brewing between Vanguard and BlackRock's IBIT.
Salim Ramji stepped into the CEO seat at Vanguard back in July 2024, right after Tim Buckley's unexpected exit. Here's what makes this noteworthy: Ramji isn't some random outsider. The guy spent years as an executive at BlackRock before this move. And before that? McKinsey.
So you've got Vanguard's new chief who previously worked at the very firm behind IBIT. Small world in high finance, or strategic positioning? Food for thought.