POWERED BY MOMENTUM MEDIA
Vanguard exec moves to Australian Unity
Vanguard’s former global head of investment management solution delivery has been appointed to lead Australian Unity’s wealth and capital markets platform.
Effective 6 February, 2023, Michael McGavigan would be executive general manager – operations at the member-owned wellbeing firm, responsible for the platform’s project management, operational compliance, and information technology.
He had over 35 years of experience in the financial service sector, of which 13 years were at Vanguard’s US and Australia offices.
Prior to that, McGavigan had been with NAB for over nine years and Perpetual Limited for 12 years.
Esther Kerr-Smith, chief executive of Australian Unity’s wealth and capital markets, noted this extensive experience in product management and service delivery would be an “invaluable asset”.
“Michael joins us during an exciting time for Australian Unity and wealth & capital markets as we implement our long-term growth strategy,” she said.
“His exceptional track record leading large scale transformational business and technology programs will help us embed a culture of innovation across our platform—enabling us to continue improving the delivery of critical services to support our strategic ambitions.”
McGavigan’s move would mark the second senior Vanguard executive to leave the business this year.
This week, it was announced that Michael Lovett, Vanguard’s head of super, would depart just three months after the firm launched its superannuation offering.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
Recommended for you
The fund has hired a former ART executive as its new head of group strategy.
The sovereign wealth fund has revealed six internal hires to support the execution of key strategies.
The fund has announced the departure of a second senior executive in as many months, with its chief member officer to finish up mid-December.
The $89 billion fund has announced a new leadership role within its private markets team.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
