ETFs

Vanguard taps MassMutual exec to lead finance division

One of the world’s largest money managers and has benefited from growing investor demand for exchange-traded funds

Vanguard Group has hired a Massachusetts Mutual Life Insurance executive as its new finance boss, reviving a top chief financial officer role at the fund firm as its assets swell.

Michael Rollings, 52, will join the Malvern, Pennsylvania-based mutual fund giant in June as CFO and head of its finance division. He spent 15 years at MassMutual and became the insurer's CFO in 2006.

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