Pennsylvania-headquartered Vanguard has named a new chief financial officer.

Vanguard has named Michael Rollings as chief financial officer and head of its finance division.

Rollings was previously executive vice president and chief financial officer at MassMutual Financial Group.

He is taking the role from Glenn Reed, who will remain a member of the firm's senior leadership team and lead Vanguard's strategy division. He will be responsible for all of the firm's finance functions, including middle-office investment operations, investment product accounting and administration, and internal audit.

After starting his career in banking in New York City, Rollings joined MassMutual in 2001 to lead the firm's capital markets division, and was named executive vice president and CFO in 2006. As of April 30, 2016, Vanguard managed more than $3.5 trillion in global assets.