Lin’s departure came shortly after Vanguard received regulatory approval to launch a robo advisor service with Chinese fintech Ant Financial Services Group.

Charles Lin, a senior Vanguard executive, and most recently its Asia head, has left the giant asset management house, according to the Wall Street Journal. He has left to pursue other opportunities, but the report did not elaborate.

Axel Lomholt, the group’s head of product for Asia and a former executive at BlackRock, will be the interim head of Asia as the company conducts an executive search, the newspaper quoted a spokesperson as saying.

This news service understands that the report is accurate.

The WSJ report noted that Lin’s departure came shortly after Vanguard received regulatory approval to launch a robo advisor service with Chinese fintech Ant Financial Services Group.

Under a new joint venture, Vanguard plans to offer advisory services to many of Ant’s 900 million users. (See a report here.)