American investment management firm Vanguard has appointed Michael Rollings as its new CFO and head of finance division, replacing managing director Glenn Reed.
Vanguard said that Reed will remain as a member of the firm’s 11-person senior leadership team and head strategy division of the firm.
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Rollings, who will join the firm next month, will be responsible for all of company’s finance functions, including middle-office investment operations, investment product accounting and administration, and internal audit.
He most recently worked as executive vice president and CFO of MassMutual Financial Group.
Vanguard CEO Bill McNabb said: "We are pleased to welcome to Vanguard a finance professional the caliber of Mike Rollings. He will bring considerable experience and perspective to Vanguard’s senior leadership team, along with deep knowledge and expertise to a critical function."
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