Vanguard has tapped Joseph P. Brennan for the new post of global chief risk officer. Brennan, 49, joined the firm in 1991 and became head of the Equity Index Group in 2013.
“We believe centralizing our risk management functions under a single senior leader will benefit both our clients and Vanguard,” according to CEO Tim Buckley. “Joe’s vast and varied investment management and leadership experience both in the U.S. and abroad make him the ideal candidate to integrate and enhance our capable and strong global risk management teams.”
The Equity Index Group oversees $3.1 trillion in nearly 320 mutual funds and ETFs. Overall, Vanguard managed $5.1 trillion in global assets and has some 400 funds.