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 Albanese government has appointed Jim Craig as a member of the Future Fund Board of Guardians for a five‑year term.
The $100 billion fund has appointed a new deputy CIO from within.
The $149 billion fund has named new directors following the departure of three outgoing board members.
The Association of Superannuation Funds of Australia (ASFA) has announced changes to its structure, marking an “exciting phase of growth” for the organisation.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
