The Malvern, PA-based firm has welcomed a new leader within its Asia leadership team.

David Kim has become a member of Vanguard’s Asian leadership team as head of Japan, replacing David Cermak, who was promoted to head of Vanguard Asia late last year.

Kim has worked at Vanguard for eight years, most recently as head of mid-market retirement plan client services in the firm’s institutional investor group.

Before that, he was head of broker-dealer channel management and advisor services. He also served as a lead international strategist for the corporate strategy team.

In his new role, he will report to Cermak.

Vanguard Investments Japan was established in 2000 and serves a range of Japanese investors including institutions, financial advisors and brokers.

In 2015, the firm 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. As of 28 February 2017, Vanguard managed more than $140 billion in assets across the Asia-Pacific region.