Vanguard has appointed David Kim as managing director of Vanguard Investments Japan and a member of the Asian leadership team.
Kim (pictured) replaces David Cermak, who was promoted to head of Vanguard Asia late last year. Kim will report directly to Cermak.
In his more than eight years with Vanguard, Kim has held several roles, most recently serving as head of midmarket retirement plan client services in Vanguard’s USD1 trillion institutional investor group. Prior to that position, he worked in Vanguard’s USD1.3 trillion financial adviser services business as head of broker-dealer channel management and adviser services. He also served as a lead international strategist for the corporate strategy team.
Before joining Vanguard, Kim was a principal at the global management consultant firm Bain & Company. He also held positions at American Express and CSC Index.
“David brings considerable investment and leadership expertise, with a focus on client service, to this role, and we are grateful to have him join our team,” says Cermak. “Vanguard continues to seek opportunities to share our low-cost, high-quality investments and services across Asia, and I have confidence that David will be successful in leading that effort in Japan.”
“I’m thrilled to be joining Vanguard Investments Japan, and look forward to furthering our mission and ability to give Japanese investors the best chance of investment success,” Kim says.
Vanguard Investments Japan was established in 2000 and currently serves a range of Japanese investors including institutions, financial advisers and brokers. In 2015, Vanguard began selling 50 additional US-domiciled ETFs in Japan for public offering, bringing the firm’s total line-up to 72 ETFs and three mutual funds accessible to Japanese investors.