Joseph P. Brennan has been appointed to a newly created position of Vanguard’s Global Chief Risk Officer, reporting to Vanguard CEO Tim Buckley.

In his new role, Brennan will assume responsibility for the firm’s current enterprise risk management organization, in addition to all facets of enterprise security and investment risk management.

“We believe centralizing our risk management functions under a single senior leader will benefit both our clients and Vanguard. 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,” said Buckley.

Brennan joined Vanguard in 1991 and worked as an analyst and trader in Vanguard’s Fixed Income Group. He then moved to Vanguard’s Portfolio Review Department, which is primarily responsible for investment manager search and oversight, eventually leading the group for 5 years. In 2009, he was named chief investment officer of the Asia Pacific region and served on the senior leadership team of Vanguard Australia. In 2013, he assumed responsibility for Vanguard’s Equity Index Group.

Brennan earned a B.A. in economics from Fairfield University and an M.S. in finance from Drexel University. A graduate of Harvard Business School’s Advanced Management Program, he is a CFA® charterholder and is a member of the CFA Society of Philadelphia.