Vanguard Names Amma Boateng Head of FA Division

Vanguard announced that Tom Rampulla, managing director and head of Vanguard’s Financial Advisor Services (FAS) division, will retire after 35 years at the firm.

Amma Boateng, current head of the broker-dealer channel within FAS, will join Vanguard’s senior leadership team and head the division effective January 1, 2024.

Boateng joined Vanguard in 2004. Before head of the broker-dealer division, Boateng built and led Vanguard’s Advisor Solutions function, responsible for delivering value-added capabilities and resources to Vanguard’s financial advisor clients, and leading the team serving wirehouse, independent and regional broker/dealers with investment products and services.

“Amma has been central to building a sophisticated offer for our financial advisor clients,” said Mr. Buckley. “She brings deep expertise in global capital markets, strong digital acumen, and a passion for helping advisors drive investment success for individual investors,” said Vanguard chairman and CEO Tim Buckley.

Rampulla joined Vanguard in 1988 and was appointed to the firm’s senior leadership team as head of FAS in 2015. Under his leadership, FAS has grown to manage more than $3 trillion in assets, serving more than 150,000 financial advisors.

Prior to running the FAS division, he served as the first head of Vanguard’s U.K. and European operations from 2008 to 2015. Previously, he spent six years helping establish the FAS business and expanding distribution of Vanguard’s U.S. ETF product lineup.