Teng joins the group with more than nine years' experience in the West Australian financial services industry, including six years with Macquarie Adviser Services in senior BDM roles.
His appointment was part of Vanguard's strategy to expand its adviser sales and distribution team with the introduction of new offices in Western Australia and Queensland, Vanguard head of retail Robin Bowerman said.
Candidates for the Queensland BDM role were in the process of being short listed, Bowerman said.
New South Wales and Victoria-based advisers will also benefit, with Vanguard recruiting more people to its already established adviser sales and distribution teams in both states.
"Vanguard is expanding its distribution team following feedback from advisers and healthy demand for its low-cost index managed funds," Bowerman said.
"In good times advisers are reluctant to change manager lines, but in the last 12 months extraordinary markets have meant that advisers are now looking hard at how they've built their portfolios ... and whether managers have delivered on their promises."
Vanguard's plan to introduce exchange-traded funds to Australian investors was another reason for the expansion, he said.
"We are pleased to have the opportunity to expand and grow our adviser services base and strengthen our presence in Australia in the current economic climate," he said.
Demand and results within each state will determine whether adviser sales and distribution teams are expanded further.
