The Globe and Mail reports in its Tuesday edition that 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. The Globe's Tim Kiladze writes that Ms. Rotenberg's hiring is part of a restructuring led by Vanguard's new chief executive officer, Salim Ramji, who is also Canadian. Mr. Ramji was hired from rival BlackRock, where he ran the index investing business, and he is now putting his imprint on Vanguard, which manages $10-trillion in assets (all figures U.S.). Historically, Vanguard was known for creating low-cost, exchange-traded funds that track major stock indexes and it has a strong following from do-it-yourself investors. In 2015, the company created a new business called Vanguard Personal Advisor Services to give investment advice to clients with assets of $50,000 or more. That business has grown over the past nine years to manage $900-billion, and Vanguard is now carving it out as a stand-alone division. Ms. Rotenberg most recently worked for Fidelity Investments. In Canada, she is well known on Bay Street, having worked at Bank of Montreal for 11 years, where she was chief marketing officer.