Vanguard hires Canadian wealth management executive Joanna Rotenberg to lead new advice division

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Vanguard hires Canadian wealth management executive Joanna Rotenberg to lead new advice division
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Ms. Rotenberg is well-known on Bay Street as a former executive at BMO and Fidelity Investments

Vanguard, one of the largest money managers in the world, is hiring Canadian executive Joanna Rotenberg to lead its newly created advice and wealth management division.Money manager Vanguard has tapped Canadian Joanna Rotenberg, formerly an executive at BMO and Fidelity Investments, to lead a new division for advice and wealth management.Ms. Rotenberg’s hire is part of a restructuring led by Vanguard’s new chief executive officer, Salim Ramji, who is also Canadian. Mr.

That business has grown over the last nine years to manage US$900-billion, and Vanguard is now carving it out as a standalone division. Wealth management has evolved dramatically over the past two decades and Fidelity wanted to focus more on individual investors who have much more market knowledge than they used to.

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